Grainger (LON:GRI) Price Target Raised to GBX 285 at Berenberg Bank

Grainger (LON:GRI) had its target price lifted by equities research analysts at Berenberg Bank from GBX 260 to GBX 285 in a research report issued on Tuesday, Marketbeat reports. The brokerage currently has a “buy” rating on the stock. Berenberg Bank’s price objective indicates a potential upside of 50.95% from the company’s current price.

Several other research analysts also recently commented on the company. Peel Hunt cut their target price on Grainger from GBX 220 to GBX 200 and set a “hold” rating on the stock in a report on Thursday, January 8th. Jefferies Financial Group lifted their price objective on Grainger from GBX 267 to GBX 270 and gave the stock a “buy” rating in a research note on Tuesday, October 28th. Two investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of GBX 251.67.

Grainger Trading Down 1.3%

LON:GRI traded down GBX 2.40 during mid-day trading on Tuesday, hitting GBX 188.80. 2,674,790 shares of the company’s stock were exchanged, compared to its average volume of 4,026,055. Grainger has a fifty-two week low of GBX 118.30 and a fifty-two week high of GBX 230. The company has a current ratio of 4.49, a quick ratio of 0.87 and a debt-to-equity ratio of 84.49. The firm has a market capitalization of £1.40 billion, a P/E ratio of 6.92, a PEG ratio of 1.51 and a beta of 0.71. The company has a 50 day simple moving average of GBX 185.35 and a 200-day simple moving average of GBX 192.09.

Grainger (LON:GRI) last released its quarterly earnings results on Thursday, November 20th. The company reported GBX 9.30 earnings per share (EPS) for the quarter. Grainger had a negative net margin of 0.40% and a negative return on equity of 0.06%. As a group, research analysts expect that Grainger will post 10.4590732 earnings per share for the current year.

Insider Buying and Selling

In related news, insider Helen Gordon sold 92,066 shares of the business’s stock in a transaction dated Tuesday, December 23rd. The shares were sold at an average price of GBX 181, for a total transaction of £166,639.46. Also, insider Michael Brodtman acquired 16,129 shares of the firm’s stock in a transaction on Thursday, November 27th. The stock was purchased at an average price of GBX 186 per share, with a total value of £29,999.94. Over the last 90 days, insiders purchased 16,457 shares of company stock worth $3,059,848. 1.44% of the stock is owned by corporate insiders.

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.