Berenberg Bank Reiterates “Buy” Rating for Grainger (LON:GRI)

Grainger (LON:GRI)‘s stock had its “buy” rating restated by stock analysts at Berenberg Bank in a research note issued to investors on Thursday,Digital Look reports. They currently have a GBX 285 price objective on the stock. Berenberg Bank’s price objective indicates a potential upside of 86.70% from the company’s previous close.

Separately, Citigroup cut their price objective on Grainger from GBX 298 to GBX 253 and set a “buy” rating on the stock in a research report on Thursday, April 2nd. Four equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 237.20.

Grainger Trading Down 2.6%

Shares of LON:GRI opened at GBX 152.65 on Thursday. The company has a market capitalization of £1.13 billion, a PE ratio of 5.59, a P/E/G ratio of 1.51 and a beta of 1.11. The company has a current ratio of 2.71, a quick ratio of 0.87 and a debt-to-equity ratio of 78.26. Grainger has a 12-month low of GBX 118.30 and a 12-month high of GBX 230. The business’s fifty day simple moving average is GBX 167.26 and its 200-day simple moving average is GBX 180.93.

Grainger (LON:GRI) last issued its quarterly earnings data on Thursday, May 14th. The company reported GBX 4.20 earnings per share for the quarter. The business had revenue of £113.70 million during the quarter. Grainger had a return on equity of 10.25% and a net margin of 77.24%. As a group, equities research analysts predict that Grainger will post 10.4590732 earnings per share for the current fiscal year.

More Grainger News

Here are the key news stories impacting Grainger this week:

• Positive Sentiment: Grainger reported first-half earnings of GBX 4.20 per share on revenue of £113.7 million, with high net margin and solid return on equity, suggesting the business remains fundamentally strong.
• Positive Sentiment: Management said rental demand continues to rise and described the outlook as “excellent,” with the new Renters’ Rights Act potentially supporting structural changes in the sector. Article Title
• Positive Sentiment: Berenberg reaffirmed its Buy rating and kept a GBX 285 price target, signaling continued confidence in Grainger’s longer-term prospects.
• Neutral Sentiment: Grainger issued a clarification on the DRIP election deadline for its 2026 interim dividend, an administrative update that is unlikely to materially affect the shares. Article Title
• Negative Sentiment: Deutsche Bank lowered its price target on Grainger to GBX 238 from GBX 336, which may have weighed on sentiment despite maintaining a Buy rating.
• Negative Sentiment: Jefferies also cut its target to GBX 210 from GBX 232, adding to the impression that analysts see less upside near term even as they remain constructive.

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.