Jefferies Financial Group reissued their buy rating on shares of Grainger (LON:GRI – Free Report) in a report issued on Monday morning,Digital Look reports. The brokerage currently has a GBX 200 price target on the stock.
Separately, Deutsche Bank Aktiengesellschaft decreased their target price on shares of Grainger from GBX 238 to GBX 224 and set a “buy” rating on the stock in a research report on Monday, August 3rd. Four research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of GBX 220.80.
Check Out Our Latest Report on GRI
Grainger Trading Up 1.1%
Shares of GRI opened at GBX 186 on Monday. The company has a debt-to-equity ratio of 83.71, a current ratio of 2.04 and a quick ratio of 0.87. The firm has a 50 day simple moving average of GBX 170.85 and a 200-day simple moving average of GBX 172.59. Grainger has a 1-year low of GBX 149.44 and a 1-year high of GBX 202.79. The stock has a market cap of £1.38 billion, a price-to-earnings ratio of 10.51, a price-to-earnings-growth ratio of 1.51 and a beta of 0.78.
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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