Grainger (LON:GRI) Stock Rating Reaffirmed as “Buy” by Jefferies Financial Group

by · The Markets Daily

Grainger (LON:GRI – Get Free Report)‘s stock had its “buy” rating restated by stock analysts at Jefferies Financial Group in a research report issued to clients and investors on Thursday, Digital Look reports. They currently have a GBX 200 price objective on the stock. Jefferies Financial Group’s target price points to a potential upside of 14.42% from the stock’s current price.

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

Read Our Latest Stock Analysis on GRI

Grainger Stock Up 2.3%

Grainger stock opened at GBX 174.80 on Thursday. Grainger has a fifty-two week low of GBX 149.44 and a fifty-two week high of GBX 202.79. The company has a debt-to-equity ratio of 83.71, a quick ratio of 0.87 and a current ratio of 2.04. The firm has a 50 day moving average price of GBX 169.29 and a 200 day moving average price of GBX 167.26. The company has a market capitalization of £1.30 billion, a PE ratio of 9.88, a price-to-earnings-growth ratio of 1.51 and a beta of 0.78.

About Grainger

(Get Free Report)

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.

See Also