Citigroup Cuts Grainger (LON:GRI) Price Target to GBX 253

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

GRI has been the topic of several other research reports. Peel Hunt lowered their price target on shares of Grainger from GBX 220 to GBX 200 and set a “hold” rating on the stock in a report on Thursday, January 8th. Berenberg Bank raised their price objective 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 research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of GBX 252.

Grainger Stock Performance

Shares of GRI stock opened at GBX 165 on Thursday. The company has a market cap of £1.22 billion, a PE ratio of 6.04, a P/E/G ratio of 1.51 and a beta of 0.76. 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 stock’s fifty day moving average price is GBX 181.89 and its two-hundred day moving average price is GBX 185.63. Grainger has a fifty-two week low of GBX 118.30 and a fifty-two week high of GBX 230.

Insiders Place Their Bets

In other Grainger news, insider Robert Hudson sold 46,435 shares of the stock in a transaction on Friday, February 6th. The shares were sold at an average price of GBX 189, for a total value of £87,762.15. Insiders have acquired 236 shares of company stock valued at $44,728 in the last quarter. Company insiders own 1.46% of the company’s stock.

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.