Peel Hunt Reiterates "Hold" Rating for Grainger (LON:GRI)

Key Points

• Peel Hunt has reiterated a "hold" rating for Grainger (LON:GRI) and set a price target of GBX 220, indicating a potential upside of 15.67% from the stock's previous close.
• Grainger's stock traded down to GBX 190.20 on the day, with a market cap of £1.40 billion and a PE ratio of 1,293.88.
• Founded in 1912, Grainger is the UK's largest listed residential landlord and is actively expanding its portfolio with a pipeline of 4,500 new rental homes across the UK.

Grainger (LON:GRI - Get Free Report)'s stock had its "hold" rating reiterated by Peel Hunt in a report issued on Friday,Digital Look reports. They currently have a GBX 220 price target on the stock. Peel Hunt's target price suggests a potential upside of 15.67% from the stock's previous close.

Grainger Price Performance

GRI traded down GBX 2.60 during trading on Friday, reaching GBX 190.20. The stock had a trading volume of 2,205,662 shares, compared to its average volume of 3,089,273. The stock has a market cap of £1.40 billion, a PE ratio of 1,293.88, a PEG ratio of 1.51 and a beta of 0.71. The company has a debt-to-equity ratio of 84.49, a quick ratio of 0.87 and a current ratio of 4.49. Grainger has a one year low of GBX 118.30 and a one year high of GBX 249. The business has a 50-day moving average of GBX 193.97 and a 200-day moving average of GBX 205.56.

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.4,500 homes and £1.3bn, Grainger is creating thousands more rental homes by investing in cities across the UK.

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