Deutsche Bank Aktiengesellschaft Reaffirms “Buy” Rating for Grainger (LON:GRI)

Grainger (LON:GRI)‘s stock had its “buy” rating reaffirmed by equities research analysts at Deutsche Bank Aktiengesellschaft in a research note issued on Friday,Digital Look reports. They currently have a GBX 336 ($4.23) price objective on the stock. Deutsche Bank Aktiengesellschaft’s price target suggests a potential upside of 42.98% from the stock’s previous close.

Grainger Price Performance

Shares of LON GRI traded up GBX 2.50 ($0.03) during midday trading on Friday, reaching GBX 235 ($2.96). 731,194 shares of the company traded hands, compared to its average volume of 1,606,446. The stock’s 50-day simple moving average is GBX 235.92 and its 200-day simple moving average is GBX 241.57. The company has a debt-to-equity ratio of 84.35, a quick ratio of 0.87 and a current ratio of 3.81. Grainger has a 12 month low of GBX 218.50 ($2.75) and a 12 month high of GBX 278.80 ($3.51). The firm has a market cap of £1.73 billion, a PE ratio of 8,183.33, a PEG ratio of 1.51 and a beta of 0.71.

About Grainger

Grainger plc, together with its subsidiaries, owns, operates, and manages private rental homes in the United Kingdom. The company was formerly known as Grainger Trust Plc and changed the name to Grainger Plc in March 2007. Grainger plc was incorporated in 1912 and is headquartered in Newcastle upon Tyne, the United Kingdom.