Grainger (LON:GRI) Given New GBX 253 Price Target at Citigroup

Grainger (LON:GRI) had its price objective reduced by Citigroup from GBX 298 to GBX 253 in a research note published on Thursday morning,London Stock Exchange reports. They currently have a buy rating on the stock.

A number of other equities research analysts also recently issued reports on the stock. Peel Hunt decreased their price target on shares of Grainger from GBX 220 to GBX 200 and set a “hold” rating on the stock in a research note on Thursday, January 8th. Berenberg Bank boosted their target price on shares of Grainger from GBX 260 to GBX 285 and gave the stock a “buy” rating in a report on Tuesday, January 27th. Three equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of GBX 252.

Grainger Price Performance

LON GRI opened at GBX 165 on Thursday. The company has a debt-to-equity ratio of 78.26, a quick ratio of 0.87 and a current ratio of 2.71. The company has a market capitalization of £1.22 billion, a P/E ratio of 6.04, a P/E/G ratio of 1.51 and a beta of 0.76. Grainger has a one year low of GBX 118.30 and a one year high of GBX 230. The stock has a 50 day moving average price of GBX 182.49 and a 200-day moving average price of GBX 185.79.

Insider Activity at Grainger

In other news, insider Robert Hudson sold 46,435 shares of the business’s stock in a transaction that occurred on Friday, February 6th. The stock was sold at an average price of GBX 189, for a total transaction of £87,762.15. In the last three months, insiders purchased 236 shares of company stock valued at $44,728. 1.46% of the stock is currently owned by 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.