Grainger PLC 17.5% potential upside indicated by Berenberg Bank

Grainger PLC with ticker (LON:GRI) now has a potential upside of 17.5% according to Berenberg Bank.

GRI.L

Berenberg Bank set a target price of 299 GBX for the company, which when compared to the Grainger PLC share price of 255 GBX at opening today (06/06/2024) indicates a potential upside of 17.5%. Trading has ranged between 215 (52 week low) and 279 (52 week high) with an average of 964,886 shares exchanging hands daily. The market capitalisation at the time of writing is £1,868,724,900.

Grainger PLC is a United Kingdom-based company that designs, builds, develops, owns and operates rental homes in the United Kingdom. The Company is focused on the United Kingdom build-to rent and private rented sector. It owns and manages approximately 10,208 rental homes across the United Kingdom in various cities from Newcastle to London. It provides modern private rental homes, and it also has a portfolio of homes on regulated tenancies, as well as a number of affordable homes. Its private rented sector (PRS) portfolio consists of rental homes where customers pay market rents. Its core product is mid-market homes that are affordable for local people. The Company’s PRS segment includes stabilized PRS assets as well as PRS under construction due to direct development and forward funding arrangements, both for wholly owned assets and the Company’s interest in joint ventures and associates as relevant. Its Reversionary segment includes regulated tenancies, as well as CHARM.