Grainger’s (GRI) Buy Rating Reaffirmed at Jefferies Financial Group

Grainger (LON:GRI)‘s stock had its “buy” rating restated by equities researchers at Jefferies Financial Group in a report released on Monday, London Stock Exchange reports. They presently have a GBX 210 target price on the stock. Jefferies Financial Group’s target price would indicate a potential upside of 23.12% from the company’s current price.

Several other brokerages also recently issued reports on GRI. 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. Deutsche Bank Aktiengesellschaft cut their price objective 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 assigned a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of GBX 222.80.

Grainger Stock Performance

Shares of Grainger stock opened at GBX 170.56 on Monday. The company has a market cap of £1.26 billion, a PE ratio of 9.64, a price-to-earnings-growth ratio of 1.51 and a beta of 0.78. Grainger has a 52 week low of GBX 118.30 and a 52 week high of GBX 202.79. The business has a 50 day moving average price of GBX 174.06 and a 200-day moving average price of GBX 169.95. The company has a quick ratio of 0.87, a current ratio of 2.04 and a debt-to-equity ratio of 83.71.

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.