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

Deutsche Bank Aktiengesellschaft restated their buy rating on shares of Grainger (LON:GRI) in a research report report published on Friday morning, Marketbeat Ratings reports. Deutsche Bank Aktiengesellschaft currently has a GBX 336 ($4.22) target price on the stock.

Grainger Stock Down 0.6 %

Shares of Grainger stock opened at GBX 233.50 ($2.93) on Friday. 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 52-week low of GBX 218.50 ($2.74) and a 52-week high of GBX 278.80 ($3.50). The stock has a market capitalization of £1.72 billion, a price-to-earnings ratio of 8,183.33, a P/E/G ratio of 1.51 and a beta of 0.71. The company’s 50 day moving average price is GBX 235.67 and its 200-day moving average price is GBX 240.68.

Grainger Increases Dividend

The company also recently announced a dividend, which will be paid on Friday, February 21st. Stockholders of record on Thursday, January 16th will be issued a GBX 5.01 ($0.06) dividend. This is a boost from Grainger’s previous dividend of $2.54. The ex-dividend date of this dividend is Thursday, January 16th. This represents a dividend yield of 2.26%.

Grainger Company Profile

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.