Grainger PLC 19.9% potential upside indicated by Barclays

Grainger PLC with ticker (LON:GRI) now has a potential upside of 19.9% according to Barclays.



Barclays set a target price of 270 GBX for the company, which when compared to the Grainger PLC share price of 225 GBX at opening today (28/06/2023) indicates a potential upside of 19.9%. Trading has ranged between 203 (52 week low) and 307 (52 week high) with an average of 1,099,714 shares exchanging hands daily. The market capitalisation at the time of writing is £1,699,589,258.

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 9,669 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 to local people. The Company’s PRS segment includes 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.