Peel Hunt Issues Pessimistic Forecast for Grainger (LON:GRI) Stock Price

Grainger (LON:GRI) had its price target decreased by analysts at Peel Hunt from GBX 220 to GBX 200 in a research report issued on Thursday, MarketBeat.com reports. The brokerage presently has a “hold” rating on the stock. Peel Hunt’s price objective points to a potential upside of 2.88% from the company’s previous close.

Separately, Jefferies Financial Group raised their price target on Grainger from GBX 267 to GBX 270 and gave the company a “buy” rating in a research report on Tuesday, October 28th. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of GBX 235.

Grainger Price Performance

GRI stock opened at GBX 194.40 on Thursday. The firm has a 50 day moving average of GBX 185.11 and a 200-day moving average of GBX 194.03. The company has a market cap of £1.44 billion, a price-to-earnings ratio of 7.12, a PEG ratio of 1.51 and a beta of 0.71. The company has a current ratio of 4.49, a quick ratio of 0.87 and a debt-to-equity ratio of 84.49. Grainger has a 12-month low of GBX 118.30 and a 12-month high of GBX 230.

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

Insider Transactions at Grainger

In other news, insider Michael Brodtman bought 16,129 shares of the business’s stock in a transaction that occurred on Thursday, November 27th. The stock was purchased at an average price of GBX 186 per share, with a total value of £29,999.94. Also, insider Helen Gordon sold 92,066 shares of the company’s stock in a transaction dated Tuesday, December 23rd. The shares were sold at an average price of GBX 181, for a total transaction of £166,639.46. Insiders purchased a total of 16,457 shares of company stock valued at $3,059,848 over the last three months. 1.44% of the stock is currently owned by insiders.

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.