Deutsche Bank Aktiengesellschaft Has Lowered Expectations for Grainger (LON:GRI) Stock Price

Grainger (LON:GRI) had its price objective lowered by stock analysts at Deutsche Bank Aktiengesellschaft from GBX 336 to GBX 238 in a report issued on Friday,London Stock Exchange reports. The brokerage presently has a “buy” rating on the stock. Deutsche Bank Aktiengesellschaft’s target price would indicate a potential upside of 57.20% from the company’s previous close.

GRI has been the topic of a number of other reports. Jefferies Financial Group decreased their target price on Grainger from GBX 232 to GBX 210 and set a “buy” rating on the stock in a research report on Friday. Citigroup dropped their price target on Grainger from GBX 298 to GBX 253 and set a “buy” rating for the company in a research report on Thursday, April 2nd. Finally, Berenberg Bank reaffirmed a “buy” rating and set a GBX 285 price target on shares of Grainger in a research note on Thursday. Four investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of GBX 237.20.

Grainger Price Performance

Grainger stock traded down GBX 5.30 during mid-day trading on Friday, reaching GBX 151.40. The company had a trading volume of 10,457,005 shares, compared to its average volume of 3,778,546. Grainger has a 1 year low of GBX 118.30 and a 1 year high of GBX 230. The company has a debt-to-equity ratio of 78.26, a current ratio of 2.71 and a quick ratio of 0.87. The company has a market capitalization of £1.12 billion, a P/E ratio of 5.55, a P/E/G ratio of 1.51 and a beta of 0.78. The stock’s 50-day simple moving average is GBX 167.87 and its 200-day simple moving average is GBX 181.13.

Grainger (LON:GRI) last announced its quarterly earnings results on Thursday, May 14th. The company reported GBX 4.20 EPS for the quarter. The business had revenue of £113.70 million for the quarter. Grainger had a return on equity of 10.25% and a net margin of 77.24%. On average, equities analysts predict that Grainger will post 10.4590732 EPS for the current year.

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.