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

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

Several other brokerages also recently weighed in on GRI. Peel Hunt reduced their price target on shares of Grainger from GBX 220 to GBX 200 and set a “hold” rating for the company in a research report on Thursday, January 8th. Jefferies Financial Group increased their price objective on Grainger from GBX 267 to GBX 270 and gave the company a “buy” rating in a research report on Tuesday, October 28th. Two analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, Grainger has an average rating of “Moderate Buy” and an average target price of GBX 251.67.

Grainger Trading Down 1.3%

GRI stock traded down GBX 2.40 during trading on Tuesday, hitting GBX 188.80. 2,674,790 shares of the company traded hands, compared to its average volume of 4,026,055. The company has a debt-to-equity ratio of 84.49, a quick ratio of 0.87 and a current ratio of 4.49. The company has a 50-day moving average of GBX 185.35 and a 200-day moving average of GBX 192.09. The firm has a market capitalization of £1.40 billion, a PE ratio of 6.92, a P/E/G ratio of 1.51 and a beta of 0.71. Grainger has a 1 year low of GBX 118.30 and a 1 year high of GBX 230.

Grainger (LON:GRI) last released its quarterly earnings data 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%. Analysts predict that Grainger will post 10.4590732 earnings per share for the current fiscal year.

Insider Buying and Selling at Grainger

In other Grainger news, insider Helen Gordon sold 92,066 shares of the stock in a transaction that occurred on Tuesday, December 23rd. The shares were sold at an average price of GBX 181, for a total value of £166,639.46. Also, insider Robert Hudson sold 25,820 shares of Grainger stock in a transaction on Monday, December 22nd. The stock was sold at an average price of GBX 181, for a total transaction of £46,734.20. Over the last ninety days, insiders acquired 16,457 shares of company stock valued at $3,059,848. Insiders own 1.44% of the company’s stock.

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.