Grainger’s (GRI) “Buy” Rating Reiterated at Jefferies Financial Group

Jefferies Financial Group restated their buy rating on shares of Grainger (LON:GRI) in a research report released on Monday, Marketbeat Ratings reports. The brokerage currently has a GBX 210 price objective on the stock.

GRI has been the subject of several other research reports. Berenberg Bank lowered their price objective on Grainger from GBX 285 to GBX 227 and set a “buy” rating for the company in a research report on Wednesday, May 27th. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Grainger from GBX 238 to GBX 224 and set a “buy” rating on the stock in a research note on Monday, August 3rd. Four investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, Grainger has an average rating of “Moderate Buy” and an average price target of GBX 222.80.

Grainger Trading Down 1.8%

Shares of Grainger stock opened at GBX 168 on Monday. 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 company has a 50 day simple moving average of GBX 174.01 and a two-hundred day simple moving average of GBX 169.43. Grainger has a 1 year low of GBX 118.30 and a 1 year high of GBX 202.79. The firm has a market cap of £1.25 billion, a PE ratio of 9.49, 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.