Grainger (LON:GRI) Price Target Cut to GBX 227 by Analysts at Berenberg Bank

Grainger (LON:GRI) had its price objective dropped by stock analysts at Berenberg Bank from GBX 285 to GBX 227 in a note issued to investors on Wednesday,Digital Look reports. The brokerage presently has a “buy” rating on the stock. Berenberg Bank’s price objective would indicate a potential upside of 44.31% from the stock’s previous close.

GRI has been the subject of a number of other reports. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Grainger from GBX 336 to GBX 238 and set a “buy” rating for the company in a research note on Friday, May 15th. Jefferies Financial Group dropped their price target on shares of Grainger from GBX 232 to GBX 210 and set a “buy” rating for the company in a research note on Friday, May 15th. Finally, Citigroup dropped their price target on shares of Grainger from GBX 298 to GBX 253 and set a “buy” rating for the company in a research note on Thursday, April 2nd. Four 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 currently has a consensus rating of “Moderate Buy” and an average price target of GBX 225.60.

Grainger Trading Up 1.5%

GRI opened at GBX 157.30 on Wednesday. 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 company has a market cap of £1.16 billion, a price-to-earnings ratio of 5.76, a price-to-earnings-growth ratio of 1.51 and a beta of 0.78. The firm has a 50 day simple moving average of GBX 163.98 and a 200 day simple moving average of GBX 179.08. Grainger has a fifty-two week low of GBX 118.30 and a fifty-two week high of GBX 226.50.

Grainger (LON:GRI) 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 during the quarter. Grainger had a net margin of 54.91% and a return on equity of 6.53%. On average, sell-side analysts anticipate that Grainger will post 10.4590732 earnings per share for the current year.

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.