Grainger (LON:GRI – Get Free Report)‘s stock had its “buy” rating reissued by equities researchers at Jefferies Financial Group in a research report issued to clients and investors on Thursday, Digital Look reports. They presently have a GBX 200 target price on the stock. Jefferies Financial Group’s target price would suggest a potential upside of 13.51% from the company’s current price.
Separately, Deutsche Bank Aktiengesellschaft cut their target price on shares of Grainger from GBX 238 to GBX 224 and set a “buy” rating for the company in a research note on Monday, August 3rd. Four research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of GBX 220.80.
Grainger Stock Performance
Shares of GRI opened at GBX 176.20 on Thursday. The firm’s 50 day moving average is GBX 169.33 and its 200-day moving average is GBX 167.38. The stock has a market capitalization of £1.31 billion, a P/E ratio of 9.95, a P/E/G ratio of 1.51 and a beta of 0.78. The company has a debt-to-equity ratio of 83.71, a current ratio of 2.04 and a quick ratio of 0.87. Grainger has a 12-month low of GBX 149.44 and a 12-month 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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