Jefferies Financial Group Has Lowered Expectations for Grainger (LON:GRI) Stock Price

Grainger (LON:GRI) had its price target reduced by equities research analysts at Jefferies Financial Group from GBX 232 to GBX 210 in a research report issued to clients and investors on Friday,London Stock Exchange reports. The brokerage currently has a “buy” rating on the stock. Jefferies Financial Group’s price objective indicates a potential upside of 38.71% from the company’s previous close.

A number of other brokerages also recently issued reports on GRI. Berenberg Bank reaffirmed a “buy” rating and set a GBX 285 price target on shares of Grainger in a research report on Thursday. Citigroup dropped their target price on Grainger from GBX 298 to GBX 253 and set a “buy” rating on the stock in a research note on Thursday, April 2nd. Four research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, Grainger currently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 237.20.

Grainger Stock Down 3.4%

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

Grainger (LON:GRI) last posted its earnings results on Thursday, May 14th. The company reported GBX 4.20 EPS for the quarter. The company had revenue of £113.70 million during the quarter. Grainger had a net margin of 77.24% and a return on equity of 10.25%. As a group, research analysts expect that Grainger will post 10.4590732 EPS for the current fiscal 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.4,300 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.