Grainger (LON:GRI – Get Free Report)‘s stock had its “buy” rating reiterated by equities research analysts at Jefferies Financial Group in a research report issued on Thursday, Digital Look reports. They presently have a GBX 200 price objective on the stock. Jefferies Financial Group’s price objective suggests a potential upside of 12.87% from the company’s previous close.
Separately, Deutsche Bank Aktiengesellschaft cut their target price on shares of Grainger from GBX 238 to GBX 224 and set a “buy” rating on the stock in a report on Monday, August 3rd. Four investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of GBX 220.80.
Read Our Latest Report on Grainger
Grainger Price Performance
LON GRI traded up GBX 1 during trading hours on Thursday, reaching GBX 177.20. 4,688,088 shares of the company’s stock were exchanged, compared to its average volume of 11,299,710. The company has a current ratio of 2.04, a quick ratio of 0.87 and a debt-to-equity ratio of 83.71. The stock has a market cap of £1.31 billion, a PE ratio of 10.01, a price-to-earnings-growth ratio of 1.51 and a beta of 0.78. The firm has a fifty day moving average of GBX 169.33 and a 200-day moving average of GBX 167.38. Grainger has a one year low of GBX 149.44 and a one year high of GBX 202.79.
About Grainger
Founded in Newcastle upon Tyne in 1912, Grainger plc, a FTSE 250 business, is the UK’s largest listed residential landlord, a Real Estate Investment Trust (REIT) and a leader in the fast-growing build-to-rent sector, providing c.11,000 rental homes to over 25,000 customers. With a pipeline of secured build-to-rent development projects totalling c.4,300 homes and £1.3bn, Grainger is creating thousands more rental homes by investing in cities across the UK.
Grainger works in partnership with a large number of public sector organisations to deliver new homes to local communities, including Transport for London, Network Rail, the Ministry of Defence, Lewisham Borough Council and the Local Pensions Partnership.
The Grainger team is dedicated to the common purpose of Renting Homes, Enriching Lives, backed by a set of core values.
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