Grainger (LON:GRI) Releases Earnings Results

Grainger (LON:GRI) released its earnings results on Thursday. The company reported GBX 9.30 earnings per share for the quarter, Digital Look Earnings reports. Grainger had a negative return on equity of 0.06% and a negative net margin of 0.40%.

Grainger Price Performance

Shares of GRI stock opened at GBX 183 on Friday. The business has a fifty day simple moving average of GBX 189.98 and a 200 day simple moving average of GBX 202.77. Grainger has a twelve month low of GBX 118.30 and a twelve month high of GBX 241. The company has a quick ratio of 0.87, a current ratio of 4.49 and a debt-to-equity ratio of 84.49. The company has a market cap of £1.35 billion, a P/E ratio of 12.45, a P/E/G ratio of 1.51 and a beta of 0.71.

Analysts Set New Price Targets

GRI has been the topic of several recent research reports. Jefferies Financial Group raised their price objective on shares of Grainger from GBX 267 to GBX 270 and gave the company a “buy” rating in a research report on Tuesday, October 28th. Peel Hunt reissued a “hold” rating and issued a GBX 220 target price on shares of Grainger in a report on Thursday. Three research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of GBX 281.25.

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.4,500 homes and £1.3bn, Grainger is creating thousands more rental homes by investing in cities across the UK.