Grainger (LON:GRI) Price Target Raised to GBX 270

Grainger (LON:GRI) had its price target upped by Jefferies Financial Group from GBX 267 to GBX 270 in a research report report published on Tuesday morning, MarketBeat Ratings reports. They currently have a buy rating on the stock.

Separately, Peel Hunt restated a “hold” rating and issued a GBX 220 price objective on shares of Grainger in a research note on Friday, October 10th. Three investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of GBX 281.25.

Grainger Trading Down 1.6%

Shares of Grainger stock opened at GBX 188.40 on Tuesday. Grainger has a 52-week low of GBX 118.30 and a 52-week high of GBX 241. The stock’s 50-day simple moving average is GBX 190.84 and its 200 day simple moving average is GBX 205.11. The stock has a market capitalization of £1.39 billion, a P/E ratio of 12.82, a P/E/G ratio of 1.51 and a beta of 0.71. The company has a debt-to-equity ratio of 84.49, a quick ratio of 0.87 and a current ratio of 4.49.

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.4,500 homes and £1.3bn, Grainger is creating thousands more rental homes by investing in cities across the UK.