Berenberg Bank Issues Positive Forecast for Grainger (LON:GRI) Stock Price

Grainger (LON:GRI) had its price target upped by Berenberg Bank from GBX 260 to GBX 285 in a report issued on Tuesday, Marketbeat reports. Berenberg Bank currently has a buy rating on the stock.

A number of other equities research analysts have also weighed in on GRI. Peel Hunt decreased their target price on 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 lifted their price objective on Grainger from GBX 267 to GBX 270 and gave the company a “buy” rating in a report on Tuesday, October 28th. Two analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of GBX 251.67.

Grainger Price Performance

Grainger stock opened at GBX 190.60 on Tuesday. The company has a debt-to-equity ratio of 84.49, a current ratio of 4.49 and a quick ratio of 0.87. The stock has a market cap of £1.41 billion, a price-to-earnings ratio of 6.98, a price-to-earnings-growth ratio of 1.51 and a beta of 0.71. The firm has a 50-day moving average of GBX 185.38 and a two-hundred day moving average of GBX 191.98. Grainger has a 1 year low of GBX 118.30 and a 1 year high of GBX 230.

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

Insiders Place Their Bets

In other Grainger news, insider Robert Hudson sold 25,820 shares of the stock in a transaction dated Monday, December 22nd. The shares were sold at an average price of GBX 181, for a total transaction of £46,734.20. Also, insider Michael Brodtman purchased 16,129 shares of the stock in a transaction dated Thursday, November 27th. The stock was purchased at an average price of GBX 186 per share, for a total transaction of £29,999.94. Over the last ninety days, insiders bought 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.