Grainger (LON:GRI) Given New GBX 210 Price Target at Jefferies Financial Group

Grainger (LON:GRIGet Free Report) had its price target reduced by analysts at Jefferies Financial Group from GBX 232 to GBX 210 in a report released on Friday,London Stock Exchange reports. The firm currently has a “buy” rating on the stock. Jefferies Financial Group’s price target would indicate a potential upside of 38.71% from the company’s previous close.

Other equities research analysts also recently issued research reports about the company. Citigroup decreased their target price on Grainger from GBX 298 to GBX 253 and set a “buy” rating for the company in a report on Thursday, April 2nd. Berenberg Bank reissued a “buy” rating and set a GBX 285 price target on shares of Grainger in a research report on Thursday. Four equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of GBX 237.20.

View Our Latest Stock Analysis on Grainger

Grainger Stock Performance

GRI stock traded down GBX 5.30 during midday trading on Friday, reaching GBX 151.40. The stock had a trading volume of 10,457,005 shares, compared to its average volume of 3,778,546. The firm has a fifty day simple moving average of GBX 167.87 and a two-hundred day simple moving average of GBX 181.13. Grainger has a 52-week low of GBX 118.30 and a 52-week high of GBX 230. The company has a debt-to-equity ratio of 78.26, a quick ratio of 0.87 and a current ratio of 2.71. The stock has a market cap of £1.12 billion, a PE ratio of 5.55, a P/E/G ratio of 1.51 and a beta of 0.78.

Grainger (LON:GRIGet Free Report) last posted its quarterly earnings results on Thursday, May 14th. The company reported GBX 4.20 earnings per share for the quarter. The business had revenue of £113.70 million for the quarter. Grainger had a return on equity of 10.25% and a net margin of 77.24%. As a group, equities research analysts anticipate that Grainger will post 10.4590732 EPS for the current year.

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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