Grainger (LON:GRI) Issues Quarterly Earnings Results

Grainger (LON:GRI) released its earnings results on Thursday. The company reported GBX 9.30 earnings per share for the quarter, Digital Look Earnings reports. Grainger had a negative net margin of 0.40% and a negative return on equity of 0.06%.

Grainger Stock Down 2.1%

LON:GRI traded down GBX 4.01 during trading hours on Thursday, reaching GBX 184.60. 2,715,270 shares of the company traded hands, compared to its average volume of 3,057,851. The company has a current ratio of 4.49, a quick ratio of 0.87 and a debt-to-equity ratio of 84.49. The business’s 50-day moving average price is GBX 190.16 and its two-hundred day moving average price is GBX 202.93. Grainger has a 1 year low of GBX 118.30 and a 1 year high of GBX 241. The stock has a market capitalization of £1.36 billion, a P/E ratio of 12.56, a P/E/G ratio of 1.51 and a beta of 0.71.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. Peel Hunt reiterated a “hold” rating and issued a GBX 220 price objective on shares of Grainger in a research note on Friday, October 10th. Jefferies Financial Group raised their price objective on Grainger from GBX 267 to GBX 270 and gave the company a “buy” rating in a research note on Tuesday, October 28th. Three research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of GBX 281.25.

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.