Grainger PLC (GB:GRI)
LSE:GRI
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Grainger
(LSE:GRI)
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Rating:67Neutral
Price Target:
208.00 p
▲(15.04% Upside)
Action:DowngradedDate:12/11/25
Grainger's overall stock score reflects a mixed financial performance with strong profitability but declining revenue and cash flow. The technical analysis indicates bearish momentum, but the stock's attractive valuation and positive earnings call outlook provide a counterbalance. The company's strategic growth plans and REIT conversion are significant positives.
Grainger (GRI) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£1.22B
Dividend Yield3.62%
Average Volume (3M)2.61M
Price to Earnings (P/E)7.1
Beta (1Y)0.90
Revenue Growth-8.66%
EPS Growth553.35%
CountryUK
Employees367
SectorN/A
Sector StrengthN/A
IndustryReal Estate - Services
Share Statistics
EPS (TTM)0.20
Shares Outstanding741,609,000
10 Day Avg. Volume2,464,013
30 Day Avg. Volume2,611,742
Financial Highlights & Ratios
PEG Ratio0.01
Price to Book (P/B)0.70
Price to Sales (P/S)5.54
P/FCF Ratio11.85
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
£162.51Price Target Upside-10.12% Downside
Rating ConsensusModerate Buy
Number of Analyst Covering3
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Grainger Business Overview & Revenue Model
Company Description
Grainger plc, together with its subsidiaries, designs, owns, operates, manages, and rents residential properties in the United Kingdom. It also provides property and asset management services. The company was incorporated in 1912 and is headquarte...
How the Company Makes Money
Grainger generates revenue primarily through the sale of its vast inventory of industrial supplies and MRO products. The company operates a multi-channel distribution model, which includes e-commerce, mobile platforms, and a network of physical br...
Grainger Earnings Call Summary
Earnings Call Date:Nov 20, 2025
(Q4-2025)
| % Change Since: |
Next Earnings Date:May 14, 2026
Earnings Call Sentiment Positive
The earnings call showcased Grainger's strong financial and operational performance, highlighted by significant earnings growth, high occupancy, and successful conversion to REIT status. Despite challenges with increased overhead and interest costs, the strategic outlook remains positive with solid growth projections and robust market fundamentals.Positive Updates
Strong Earnings and Growth Projections
Grainger is targeting GBP 60 million of earnings in full year '26 and GBP 72 million by full year '29, a 50% growth from full year '24. This is driven by sustainable rental growth outlook and strong underlying fundamentals.
Negative Updates
Increased Overhead Costs
Overhead costs increased by 4% in the year, in line with wage inflation, although cost savings of GBP 2 million are targeted with a GBP 1 million benefit in FY '26.
Read all updates
Q4-2025 Updates
Positive
Negative
Strong Earnings and Growth Projections
Grainger is targeting GBP 60 million of earnings in full year '26 and GBP 72 million by full year '29, a 50% growth from full year '24. This is driven by sustainable rental growth outlook and strong underlying fundamentals.
Read all positive updates
Company Guidance
In the recent call, Grainger provided a robust outlook for its fiscal performance, emphasizing its sustained growth and strategic positioning. The company reported a 12% increase in net rental income and a 12% rise in EPRA earnings, with occupancy reaching a high of 98.1% and like-for-like rental growth at 3.6%. Grainger aims for GBP 60 million in earnings by 2026 and GBP 72 million by 2029, representing a 50% growth from 2024. The company is focused on maintaining a strong balance sheet, with plans to reduce net debt by GBP 300-350 million over the next four years. With a fully integrated operational platform and a sector-leading portfolio, Grainger highlights its resilience against higher interest rates, targeting a dividend increase of 10% and maintaining an EPRA NTA of 298p per share. The company's commitment to high-quality homes and strong customer service underpins its growth strategy, supported by a capital allocation strategy aimed at maximizing shareholder returns.Grainger Financial Statement Overview
Summary
Income Statement
65
Positive
Balance Sheet
70
Positive
Cash Flow
60
Neutral
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Grainger Technical Analysis
Negative
180.80
Price Trends
181.57
Negative
181.52
Negative
187.18
Negative
Market Momentum
-5.72
Negative
38.79
Neutral
53.40
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:GRI, the sentiment is Negative. The current price of 180.8 is above the 20-day moving average (MA) of 168.46, below the 50-day MA of 181.57, and below the 200-day MA of 187.18, indicating a bearish trend. The MACD of -5.72 indicates Negative momentum. The RSI at 38.79 is Neutral, neither overbought nor oversold. The STOCH value of 53.40 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for GB:GRI.
Grainger Peers Comparison
UnderperformOutperform
Sector (―)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| ― | ― | ― | ― | ― | ― | ― | |
73 Outperform | £277.96M | 17.20 | 12.56% | 3.66% | 97.27% | 25.80% | |
69 Neutral | £126.35M | 13.93 | 8.96% | 2.05% | 10.84% | 113.75% | |
67 Neutral | £1.22B | 7.07 | 10.25% | 3.62% | -8.66% | 553.35% | |
64 Neutral | £223.27M | 15.87 | 20.71% | 3.59% | 20.46% | ― | |
54 Neutral | £1.15B | 19.15 | 9.70% | 2.20% | 7.81% | 22.76% | |
51 Neutral | £150.60M | -6.51 | -9.62% | ― | ― | ― |
* Sector Average
GB:GRI
Grainger
165.00
-16.31
-9.00%
GB:FOXT
Foxtons
43.00
-9.84
-18.63%
GB:LSL
LSL Property Services
224.00
-23.43
-9.47%
GB:TPFG
The Property Franchise
436.00
45.93
11.77%
GB:PSDL
Phoenix Spree Deutschland Ltd
164.00
4.00
2.50%
GB:SVS
Savills
840.00
-9.17
-1.08%
Grainger Corporate Events
Regulatory Filings and Compliance
Grainger CFO Rob Hudson Exercises Share Options and Updates Equity Holding
Neutral
Feb 10, 2026
Grainger plc disclosed that Group Chief Financial Officer and executive director Rob Hudson exercised a 2021 recruitment nil-cost share option award over 98,449 ordinary shares, subsequently selling 46,435 shares at an average price of £1.89 ...
Business Operations and StrategyExecutive/Board ChangesStock BuybackDividendsShareholder Meetings
Grainger Shareholders Back All Resolutions at 2026 AGM
Positive
Feb 4, 2026
Grainger plc reported that all resolutions put to shareholders at its 4 February 2026 Annual General Meeting were approved by poll, with proxy votes representing 76.85% of the company’s ordinary share capital (excluding treasury shares). Inv...
Business Operations and StrategyFinancial Disclosures
Grainger Posts Strong Rental Growth and High Occupancy as BTR Pipeline Expands
Positive
Feb 4, 2026
Grainger reported a strong trading performance for the four months to the end of January 2026, with total like-for-like rental growth of 3.1% and PRS rental growth of 2.8%, while regulated tenancies rose 6.2%. Occupancy in its stabilised PRS portf...
Other
Grainger Directors Receive Shares Under All-Employee Incentive Plan
Neutral
Feb 3, 2026
Grainger plc has reported routine share transactions by its directors and senior managers under its all-employee Share Incentive Plan, an HMRC-approved scheme that lets staff buy ordinary shares via monthly salary deductions and receive additional...
Business Operations and Strategy
Grainger Starts £75m Second Build-to-Rent Scheme at Guildford Station
Positive
Jan 29, 2026
Grainger plc has begun construction on its second build-to-rent development at Guildford Station, a roughly £75m project that will deliver 179 new rental homes and expand its presence in the town to 277 units and more than £116m of inves...
Business Operations and StrategyM&A Transactions
Grainger JV Buys £68m Chiswick Build-to-Rent Scheme in First Deal with Major Housebuilder
Positive
Jan 26, 2026
Connected Living London, the joint venture between Grainger and Places for London, has agreed to forward fund and acquire a 195-home build-to-rent scheme at Chiswick Reach in West London from Barratt Redrow for approximately £68.4 million. Th...
Business Operations and StrategyExecutive/Board ChangesRegulatory Filings and Compliance
Grainger Discloses Executive and Employee Share Awards Under Incentive Plan
Positive
Jan 5, 2026
Grainger plc has disclosed that its HMRC-approved Share Incentive Plan acquired 5,280 partnership shares at £1.81 each and allocated 4,642 matching shares to participating employees on 2 January 2026, including senior executives. Under the pl...
Executive/Board ChangesRegulatory Filings and Compliance
Grainger Discloses DBSP Option Exercise by Senior Executive
Neutral
Dec 23, 2025
Grainger plc has disclosed that Michael Keaveney, its Director of Land and Development and a person discharging managerial responsibilities, has exercised 22,255 nil-cost options granted under the company’s Deferred Bonus Share Plan (DBSP). ...
Executive/Board ChangesRegulatory Filings and Compliance
Grainger CEO Helen Gordon Exercises Share Awards and Sells Portion to Cover Tax Liabilities
Neutral
Dec 23, 2025
Grainger plc disclosed that Group CEO Helen Gordon has exercised nil-cost options granted under the company’s 2020 Long Term Incentive Plan and 2022 Deferred Bonus Share Plan, resulting in the vesting of a total of 203,865 ordinary shares. T...
Regulatory Filings and Compliance
Grainger CFO Exercises Share Options and Adjusts Equity Holding
Neutral
Dec 22, 2025
Grainger plc disclosed that Group Chief Financial Officer and executive director Rob Hudson has exercised a 2022 deferred bonus share plan (DBSP) nil‑cost option over 54,726 ordinary shares, selling 25,820 shares at an average price of £...
Regulatory Filings and Compliance
Grainger Discloses Director Share Option Exercise and Sale by Operations Chief
Neutral
Dec 22, 2025
Grainger plc has disclosed a director dealing involving Eliza Pattinson, Director of Operations and Asset Management and a person discharging managerial responsibilities, who exercised nil‑cost options granted under the company’s Defer...
Regulatory Filings and Compliance
Grainger Discloses Share Purchase by Associate of Senior Executive
Neutral
Dec 19, 2025
Grainger plc has disclosed that 44,825 ordinary shares in the company were purchased on the London Stock Exchange on 18 and 19 December 2025 by Caroline Keaveney, who is a person closely associated with Michael Keaveney, Grainger’s Director ...
Shareholder Meetings
Grainger plc Publishes Notice of AGM 2026
Neutral
Dec 16, 2025
Grainger plc has announced the publication of its Notice of AGM 2026 following the release of its 2025 Annual Report and Accounts. The Notice includes details on shareholder voting procedures and a resolution to renew the Grainger 2017 Long-Term I...
Business Operations and StrategyExecutive/Board Changes
Grainger PLC Grants Executive Share Options Under LTIP
Neutral
Dec 12, 2025
Grainger PLC has announced the grant of nil cost share options under its 2017 Long Term Incentive Plan to key executives, including the CEO and CFO. These options, which will vest after three years subject to performance conditions, aim to align e...
Business Operations and StrategyExecutive/Board Changes
Grainger PLC Grants Share Options to Executives Under Bonus Plan
Positive
Dec 12, 2025
Grainger PLC has announced the granting of nil cost share options under its Deferred Bonus Share Plan to key executives, including the CEO and CFO, as part of the compulsory deferral of 25% of their 2025 annual bonuses. This move underscores Grain...
Business Operations and Strategy
Grainger PLC Executes Share Incentive Plan Transactions
Positive
Dec 4, 2025
Grainger PLC announced the execution of transactions under its Share Incentive Plan (SIP), which allows employees to purchase shares using salary deductions and receive matching shares at no cost. The transactions involved the acquisition of 5,208...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.