Grainger plc (LON:GRI – Get Free Report) shares hit a new 52-week low on Monday . The company traded as low as GBX 149.44 and last traded at GBX 153.24, with a volume of 7380273 shares. The stock had previously closed at GBX 150.40.
Analyst Upgrades and Downgrades
A number of brokerages have recently weighed in on GRI. Jefferies Financial Group lowered their price objective on shares of Grainger from GBX 232 to GBX 210 and set a “buy” rating for the company in a report on Friday, May 15th. Berenberg Bank lowered their price objective on shares of Grainger from GBX 285 to GBX 227 and set a “buy” rating for the company in a report on Wednesday, May 27th. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Grainger from GBX 336 to GBX 238 and set a “buy” rating for the company in a report on Friday, May 15th. Finally, Citigroup lowered their price objective on shares of Grainger from GBX 298 to GBX 253 and set a “buy” rating for the company in a report on Thursday, April 2nd. Four research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 225.60.
Get Our Latest Stock Analysis on GRI
Grainger Trading Up 1.9%
Grainger (LON:GRI – Get Free Report) last issued its earnings results on Thursday, May 14th. The company reported GBX 4.20 EPS for the quarter. Grainger had a net margin of 54.91% and a return on equity of 6.53%. The company had revenue of £113.70 million for the quarter. As a group, equities analysts predict that Grainger plc will post 10.4590732 EPS for the current year.
Grainger Company Profile
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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