Citigroup Issues Pessimistic Forecast for Grainger (LON:GRI) Stock Price

Grainger (LON:GRI) had its price target decreased by investment analysts at Citigroup from GBX 298 to GBX 253 in a report issued on Thursday,London Stock Exchange reports. The firm presently has a “buy” rating on the stock. Citigroup’s price target would suggest a potential upside of 53.33% from the company’s current price.

Other equities research analysts also recently issued research reports about the company. Berenberg Bank increased their price objective on Grainger from GBX 260 to GBX 285 and gave the stock a “buy” rating in a research report on Tuesday, January 27th. Peel Hunt decreased their target price on Grainger from GBX 220 to GBX 200 and set a “hold” rating on the stock in a research note on Thursday, January 8th. Three analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of GBX 252.

Grainger Stock Performance

LON GRI remained flat at GBX 165 on Thursday. 1,344,059 shares of the company’s stock traded hands, compared to its average volume of 3,730,110. The business has a 50-day moving average of GBX 183.09 and a 200-day moving average of GBX 185.94. The company has a quick ratio of 0.87, a current ratio of 2.71 and a debt-to-equity ratio of 78.26. Grainger has a fifty-two week low of GBX 118.30 and a fifty-two week high of GBX 230. The company has a market capitalization of £1.22 billion, a P/E ratio of 6.04, a price-to-earnings-growth ratio of 1.51 and a beta of 0.76.

Insider Buying and Selling

In other news, insider Robert Hudson sold 46,435 shares of the stock in a transaction on Friday, February 6th. The shares were sold at an average price of GBX 189, for a total value of £87,762.15. Over the last three months, insiders have purchased 402 shares of company stock valued at $74,774. 1.46% of the stock is owned by insiders.

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.4,300 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.