Grainger (LON:GRI – Get Free Report)‘s stock had its “buy” rating reissued by analysts at Jefferies Financial Group in a report released on Thursday, Digital Look reports. They currently have a GBX 200 price target on the stock. Jefferies Financial Group’s target price indicates a potential upside of 14.42% from the company’s current price.
Separately, Deutsche Bank Aktiengesellschaft reduced their target price on shares of Grainger from GBX 238 to GBX 224 and set a “buy” rating on the stock in a report on Monday, August 3rd. Four analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of GBX 220.80.
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Grainger Trading Up 2.3%
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.
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