Grainger (LON:GRI) Given Buy Rating at Jefferies Financial Group

Grainger (LON:GRI)‘s stock had its “buy” rating reiterated by equities research analysts at Jefferies Financial Group in a report issued on Thursday, Digital Look reports. They currently have a GBX 200 price objective on the stock. Jefferies Financial Group’s target price would suggest a potential upside of 13.83% from the stock’s previous close.

Separately, Deutsche Bank Aktiengesellschaft cut their target price on Grainger from GBX 238 to GBX 224 and set a “buy” rating on the stock in a report on Monday, August 3rd. Four equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, Grainger presently has an average rating of “Moderate Buy” and a consensus price target of GBX 220.80.

Grainger Trading Up 2.8%

Shares of Grainger stock traded up GBX 4.80 during trading on Thursday, hitting GBX 175.70. The company’s stock had a trading volume of 5,782,351 shares, compared to its average volume of 11,333,219. The company has a debt-to-equity ratio of 83.71, a current ratio of 2.04 and a quick ratio of 0.87. Grainger has a 52 week low of GBX 149.44 and a 52 week high of GBX 202.79. The stock has a market cap of £1.30 billion, a price-to-earnings ratio of 9.93, a price-to-earnings-growth ratio of 1.51 and a beta of 0.78. The stock has a 50-day moving average price of GBX 169.29 and a two-hundred day moving average price of GBX 167.26.

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.