Deutsche Bank Aktiengesellschaft Has Lowered Expectations for Grainger (LON:GRI) Stock Price

Grainger (LON:GRI) had its price objective dropped by Deutsche Bank Aktiengesellschaft from GBX 238 to GBX 224 in a note issued to investors on Monday,London Stock Exchange reports. The firm presently has a “buy” rating on the stock. Deutsche Bank Aktiengesellschaft’s price target points to a potential upside of 28.74% from the company’s previous close.

A number of other equities analysts also recently issued reports on GRI. Jefferies Financial Group dropped their price objective on shares of Grainger from GBX 232 to GBX 210 and set a “buy” rating on the stock in a report on Friday, May 15th. Berenberg Bank decreased their price target on shares of Grainger from GBX 285 to GBX 227 and set a “buy” rating on the stock in a research report on Wednesday, May 27th. 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.com, Grainger presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 222.80.

Grainger Stock Performance

Shares of GRI opened at GBX 174 on Monday. The company has a quick ratio of 0.87, a current ratio of 2.04 and a debt-to-equity ratio of 83.71. The business’s 50 day moving average price is GBX 167.56 and its 200-day moving average price is GBX 173.35. Grainger has a 52 week low of GBX 118.30 and a 52 week high of GBX 213. The stock has a market cap of £1.29 billion, a P/E ratio of 6.37, a P/E/G ratio of 1.51 and a beta of 0.78.

Grainger (LON:GRI) last released its quarterly earnings data on Thursday, May 14th. The company reported GBX 4.20 earnings per share (EPS) for the quarter. Grainger had a return on equity of 6.53% and a net margin of 54.91%.The business had revenue of £113.70 million for the quarter. Equities research analysts anticipate that Grainger will post 10.4590732 earnings per share for the current fiscal year.

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.