Grainger (LON:GRI) Stock Price Passes Above Two Hundred Day Moving Average – What’s Next?

by · The Cerbat Gem

Grainger plc (LON:GRI – Get Free Report)’s stock price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 168.58 and traded as high as GBX 169. Grainger shares last traded at GBX 167.70, with a volume of 11,253,292 shares trading hands.

Analyst Ratings Changes

Several analysts recently issued reports on GRI shares. Berenberg Bank decreased their price objective on shares of Grainger from GBX 285 to GBX 227 and set a “buy” rating for the company in a report on Wednesday, May 27th. Jefferies Financial Group reissued a “buy” rating and set a GBX 210 target price on shares of Grainger in a research report on Monday, September 7th. Finally, Deutsche Bank Aktiengesellschaft decreased their price target on shares of Grainger from GBX 238 to GBX 224 and set a “buy” rating for the company in a report 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 has an average rating of “Moderate Buy” and an average price target of GBX 222.80.

View Our Latest Research Report on GRI

Grainger Stock Performance

The firm’s 50 day moving average price is GBX 173.15 and its 200-day moving average price is GBX 168.41. The firm has a market cap of £1.23 billion, a price-to-earnings ratio of 9.39, a P/E/G ratio of 1.51 and a beta of 0.78. 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 Company Profile

(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.

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