Grainger (LON:GRI) Stock Price Passes Above 200 Day Moving Average – Should You Sell?

Grainger plc (LON:GRI)’s stock price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 174.15 and traded as high as GBX 177.60. Grainger shares last traded at GBX 175.70, with a volume of 1,180,589 shares changing hands.

Analyst Ratings Changes

Several research analysts have recently weighed in on GRI shares. Jefferies Financial Group decreased their price target on shares of Grainger from GBX 232 to GBX 210 and set a “buy” rating on the stock in a report on Friday, May 15th. Berenberg Bank dropped their price objective on Grainger from GBX 285 to GBX 227 and set a “buy” rating for the company in a research note on Wednesday, May 27th. Deutsche Bank Aktiengesellschaft reduced their target price on Grainger from GBX 336 to GBX 238 and set a “buy” rating for the company in a research report on Friday, May 15th. Finally, Citigroup decreased 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 investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, Grainger currently has an average rating of “Moderate Buy” and a consensus price target of GBX 225.60.

Grainger Price Performance

The firm has a market capitalization of £1.30 billion, a PE ratio of 6.44, a P/E/G ratio of 1.51 and a beta of 0.78. The company has a debt-to-equity ratio of 83.71, a current ratio of 2.04 and a quick ratio of 0.87. The business’s 50 day moving average is GBX 163.36 and its two-hundred day moving average is GBX 174.15.

Grainger (LON:GRI) last released 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 during the quarter. Grainger had a net margin of 54.91% and a return on equity of 6.53%. As a group, research analysts anticipate that Grainger plc 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.