Grainger’s (GRI) Buy Rating Reaffirmed at Jefferies Financial Group

Grainger (LON:GRI – Get Free Report)‘s stock had its “buy” rating reaffirmed by equities researchers at Jefferies Financial Group in a research report issued to clients and investors on Thursday, Digital Look reports. They currently have a GBX 200 target price on the stock. Jefferies Financial Group’s target price would indicate a potential upside of 12.87% from the stock’s current price.

Separately, Deutsche Bank Aktiengesellschaft cut their target price on Grainger from GBX 238 to GBX 224 and set a “buy” rating for the company in a research note on Monday, August 3rd. Four equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, Grainger presently has an average rating of “Moderate Buy” and a consensus target price of GBX 220.80.

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Grainger Trading Up 0.6%

Shares of Grainger stock opened at GBX 177.20 on Thursday. The firm has a market cap of £1.31 billion, a price-to-earnings ratio of 10.01, a price-to-earnings-growth ratio of 1.51 and a beta of 0.78. Grainger has a 52-week low of GBX 149.44 and a 52-week high of GBX 202.79. The company’s 50-day simple moving average is GBX 169.35 and its 200-day simple moving average is GBX 167.45. The company has a quick ratio of 0.87, a current ratio of 2.04 and a debt-to-equity ratio of 83.71.

Grainger Company Profile

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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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Analyst Recommendations for Grainger (LON:GRI)

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