Peel Hunt Reaffirms Hold Rating for Grainger (LON:GRI)

Grainger (LON:GRI)‘s stock had its “hold” rating reaffirmed by stock analysts at Peel Hunt in a note issued to investors on Thursday, MarketBeat reports. They presently have a GBX 220 price objective on the stock. Peel Hunt’s price target suggests a potential upside of 21.01% from the stock’s current price.

Separately, Jefferies Financial Group raised their price target on shares of Grainger from GBX 267 to GBX 270 and gave the company a “buy” rating in a research report on Tuesday, October 28th. Two analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of GBX 263.

Grainger Stock Up 0.8%

Grainger stock opened at GBX 181.80 on Thursday. The business’s 50-day moving average price is GBX 189.86 and its 200 day moving average price is GBX 202.51. The company has a quick ratio of 0.87, a current ratio of 4.49 and a debt-to-equity ratio of 84.49. The firm has a market cap of £1.34 billion, a price-to-earnings ratio of 12.37, a price-to-earnings-growth ratio of 1.51 and a beta of 0.71. Grainger has a 52 week low of GBX 118.30 and a 52 week high of GBX 241.

Grainger (LON:GRI) last released its quarterly earnings data on Thursday, November 20th. The company reported GBX 9.30 EPS for the quarter. Grainger had a negative return on equity of 0.06% and a negative net margin of 0.40%. As a group, sell-side analysts anticipate that Grainger will post 10.4590732 earnings per share for the current year.

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