Grainger (LON:GRI) Stock Keeps Buy Rating at Jefferies Financial Group

Key Points

• Jefferies reaffirmed its “buy” rating on Grainger and set a GBX 200 price target, implying 8.87% potential upside from the current price.
• Deutsche Bank also maintained a “buy” rating while cutting its target from GBX 238 to GBX 224. Overall, analysts give Grainger a “Moderate Buy” consensus, with an average target of GBX 220.80.
• Grainger shares opened at GBX 183.70, while the company has a £1.36 billion market capitalization and operates as the UK’s largest listed residential landlord, with about 11,000 rental homes and a 4,300-home development pipeline.

Grainger (LON:GRI - Get Free Report)'s stock had its "buy" rating reissued by investment analysts at Jefferies Financial Group in a report issued on Monday, Digital Look reports. They currently have a GBX 200 price target on the stock. Jefferies Financial Group's target price indicates a potential upside of 8.87% from the company's current price.

Separately, Deutsche Bank Aktiengesellschaft decreased their price objective on Grainger from GBX 238 to GBX 224 and set a "buy" rating on the stock in a research note on Monday, August 3rd. Four research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of GBX 220.80.

Grainger Price Performance

Grainger stock opened at GBX 183.70 on Monday. Grainger has a one year low of GBX 149.44 and a one year high of GBX 202.79. The business has a fifty day moving average price of GBX 170.37 and a 200-day moving average price of GBX 172.70. The company has a debt-to-equity ratio of 83.71, a current ratio of 2.04 and a quick ratio of 0.87. The firm has a market capitalization of £1.36 billion, a P/E ratio of 10.38, a PEG ratio of 1.51 and a beta of 0.78.

About Grainger

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.

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