Deutsche Bank Aktiengesellschaft Cuts Grainger (LON:GRI) Price Target to GBX 224

Grainger (LON:GRI) had its target price lowered by Deutsche Bank Aktiengesellschaft from GBX 238 to GBX 224 in a research report released on Monday morning, Marketbeat.com reports. The firm currently has a buy rating on the stock.

GRI has been the topic of several other reports. Jefferies Financial Group dropped their target price on 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 Grainger from GBX 285 to GBX 227 and set a “buy” rating for the company in a report on Wednesday, May 27th. Four investment 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 has a consensus rating of “Moderate Buy” and an average price target of GBX 222.80.

Grainger Stock Performance

LON GRI opened at GBX 174.70 on Monday. Grainger has a 1 year low of GBX 118.30 and a 1 year high of GBX 213. 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 capitalization of £1.29 billion, a PE ratio of 6.40, a P/E/G ratio of 1.51 and a beta of 0.78. The company has a fifty day moving average of GBX 168.70 and a 200 day moving average of GBX 172.97.

Grainger (LON:GRI) last announced its quarterly earnings results on Thursday, May 14th. The company reported GBX 4.20 earnings per share for the quarter. The company had revenue of £113.70 million for the quarter. Grainger had a return on equity of 6.53% and a net margin of 54.91%. Research analysts forecast 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.