Grainger (LON:GRI) Reaches New 1-Year Low – Here’s What Happened

Shares of Grainger plc (LON:GRI) hit a new 52-week low during mid-day trading on Monday . The company traded as low as GBX 149.44 and last traded at GBX 153.24, with a volume of 7380273 shares changing hands. The stock had previously closed at GBX 150.40.

Analyst Ratings Changes

GRI has been the topic of a number of analyst reports. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Grainger from GBX 336 to GBX 238 and set a “buy” rating on the stock in a research note on Friday, May 15th. Berenberg Bank decreased their price objective on Grainger from GBX 285 to GBX 227 and set a “buy” rating on the stock in a report on Wednesday, May 27th. Jefferies Financial Group lowered their price objective on Grainger from GBX 232 to GBX 210 and set a “buy” rating on the stock in a research note on Friday, May 15th. Finally, Citigroup dropped their target price on Grainger from GBX 298 to GBX 253 and set a “buy” rating for the company in a report 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 MarketBeat, Grainger presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 225.60.

Grainger Trading Up 3.2%

The business has a 50 day simple moving average of GBX 161.62 and a 200 day simple moving average of GBX 176.41. 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 company has a market cap of £1.22 billion, a price-to-earnings ratio of 6.03, a price-to-earnings-growth ratio of 1.51 and a beta of 0.78.

Grainger (LON:GRI) last released its quarterly earnings results on Thursday, May 14th. The company reported GBX 4.20 earnings per share (EPS) for the quarter. The business had revenue of £113.70 million during the quarter. Grainger had a return on equity of 6.53% and a net margin of 54.91%. As a group, equities analysts forecast that Grainger plc will post 10.4590732 EPS 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.4,300 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.