Grainger PLC (GB:GRI)
LSE:GRI
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Grainger
(LSE:GRI)
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Rating:67Neutral
Price Target:
166.00 p
▼(-8.19% Downside)
Action:Downgraded
Date: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
£1.13B
Dividend Yield3.62%
Average Volume (3M)2.61M
Price to Earnings (P/E)―
Beta (1Y)0.94
Revenue Growth-23.35%
EPS Growth20.53%
CountryUK
Employees367
SectorN/A
Sector StrengthN/A
IndustryReal Estate - Services
Share Statistics
EPS (TTM)0.04
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
£232.20Price Target Upside28.43% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering5
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 makes money primarily by purchasing MRO products from a large network of manufacturers and suppliers and reselling them to end customers at a markup, generating revenue from product sales. Its core revenue stream is the sale of industrial...
Grainger Earnings Call Summary
Earnings Call Date:Nov 20, 2025
(Q4-2025)
| % Change Since: |
Next Earnings Date:Nov 19, 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
166.76
Negative
177.30
Negative
181.41
Negative
Market Momentum
-4.32
Positive
35.56
Neutral
21.19
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 162.07, above the 50-day MA of 166.76, and below the 200-day MA of 181.41, indicating a bearish trend. The MACD of -4.32 indicates Positive momentum. The RSI at 35.56 is Neutral, neither overbought nor oversold. The STOCH value of 21.19 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 | £290.07M | 8.47 | 12.56% | 3.66% | 25.19% | 72.02% | |
69 Neutral | £130.86M | 8.13 | 8.96% | 2.05% | 5.25% | -7.14% | |
67 Neutral | £1.13B | -18.96 | 10.25% | 3.62% | -23.35% | 20.53% | |
61 Neutral | £210.36M | 7.67 | 20.71% | 3.59% | 5.96% | -2.01% | |
56 Neutral | £158.86M | 114.91 | -2.38% | ― | ― | ― | |
54 Neutral | £1.13B | 5.89 | 9.70% | 2.20% | 6.11% | 31.70% |
* Sector Average
GB:GRI
Grainger
153.00
-62.85
-29.12%
GB:FOXT
Foxtons
44.20
-17.50
-28.36%
GB:LSL
LSL Property Services
212.00
-60.87
-22.31%
GB:TPFG
The Property Franchise
440.00
-19.73
-4.29%
GB:PSDL
Phoenix Spree Deutschland Ltd
173.75
7.25
4.35%
GB:SVS
Savills
813.00
-129.22
-13.71%
Grainger Corporate Events
Regulatory Filings and Compliance
Grainger Discloses Share Purchase by Associate of Senior Executive
Positive
May 19, 2026
Grainger plc disclosed that Caroline Keaveney, a person closely associated with Michael Keaveney, the company’s Director of Land and Development, purchased 13,229 ordinary shares in the company on 18 May 2026. The trade, conducted on the Lon...
Business Operations and StrategyExecutive/Board Changes
Grainger CEO Helen Gordon Joins Big Yellow as Senior Independent Director
Positive
May 19, 2026
Grainger plc has disclosed that its Chief Executive Officer, Helen Gordon, will take on an additional role as Senior Independent Non-Executive Director at Big Yellow Group PLC, effective 1 June 2027. The appointment highlights Gordon’s growi...
Dividends
Grainger Corrects DRIP Election Deadline for 2026 Interim Dividend
Neutral
May 14, 2026
Grainger plc has issued a clarification regarding its interim dividend for the year ending 30 September 2026, correcting the timetable for its Dividend Re-investment Plan. The company said the final date for shareholders to elect to participate in...
Business Operations and StrategyDividendsFinancial DisclosuresPrivate Placements and Financing
Grainger posts strong H1 rental growth and reaffirms earnings targets
Positive
May 14, 2026
Grainger reported a strong first half as a newly minted REIT, with net rental income up 7.8% to £66.1m, EPRA earnings up 4% to £31.4m and like-for-like rents rising 3.1% amid high occupancy of 95.9% and stable tenant affordability. Despi...
Business Operations and StrategyPrivate Placements and Financing
Grainger Extends £540m Banking Facilities to 2033 at Lower Margins
Positive
May 11, 2026
Grainger has extended £540 million of its core banking facilities with AIB, Barclays, HSBC and NatWest to 2033, securing longer-dated funding at lower margins. The move lifts its weighted average facility maturity, including extension options...
Business Operations and Strategy
Grainger executives receive shares under all-employee incentive plan
Positive
May 6, 2026
Grainger plc has reported routine share transactions by its directors and other senior managers under the company’s HMRC-approved Share Incentive Plan. The plan allows employees to buy partnership shares in the market and receive matching sh...
DividendsRegulatory Filings and Compliance
Grainger Clarifies Tax Options on REIT Property Income Distributions
Positive
Apr 20, 2026
Grainger plc has reminded investors that, as a UK residential REIT, it pays part of its annual and interim dividends as Property Income Distributions, which are generally subject to a 20% withholding tax. The company noted that certain eligible sh...
Regulatory Filings and Compliance
Grainger Directors Receive Shares Under Employee Incentive Plan
Neutral
Apr 15, 2026
Grainger plc has reported routine share transactions by its directors and senior managers under the company’s HMRC-approved Share Incentive Plan. On 13 April 2026, the plan’s trustees bought 5,045 partnership shares at £1.69 each ...
Business Operations and StrategyExecutive/Board Changes
Grainger Strengthens Board with Appointment of Fiona Muldoon as Senior Independent Director
Positive
Apr 14, 2026
Grainger plc has appointed Fiona Muldoon as a Non-Executive Director with effect from 15 April 2026, with plans for her to become Senior Independent Director and Chair of the Audit Risk Committee upon Justin Read’s retirement in June. She w...
Regulatory Filings and Compliance
Grainger Leaves Sharesave Scheme Pool Unchanged in Latest Block Listing Return
Positive
Apr 1, 2026
Grainger plc reported a block listing return for its Sharesave Scheme covering the period from 4 October 2025 to 31 March 2026. The company confirmed that no new shares were issued or allotted under the scheme during this timeframe, leaving the ba...
Business Operations and StrategyFinancial Disclosures
Grainger Sets May Dates for Half-Year Results and Investor Presentations
Positive
Mar 30, 2026
Grainger plc has scheduled the release of its half-year financial results for the six months to 31 March 2026 on 14 May, with a formal analyst and investor presentation and QA session set for the same morning in London and accessible via webcast a...
Regulatory Filings and Compliance
Grainger Chair Simon Fraser Increases Stake With Share Purchase
Positive
Mar 27, 2026
Grainger plc has disclosed that its non-executive chair, Simon Fraser, purchased 20,000 ordinary shares in the company on 27 March 2026. The transaction, carried out on the London Stock Exchange at £1.599 per share, increases his total holdin...
DividendsRegulatory Filings and Compliance
Grainger CEO Helen Gordon Increases Stake via Dividend Reinvestment
Positive
Mar 11, 2026
Grainger plc has disclosed that chief executive and director Helen Gordon acquired 596 ordinary shares through the company’s Dividend Reinvestment Plan, raising her total holding to 925,742 shares. The purchase, executed via a nominee servic...
Business Operations and Strategy
Grainger to Engage Retail Investors at MelloMonday Webinar
Positive
Mar 5, 2026
Grainger plc, the UK’s largest listed residential landlord and a market leader in build-to-rent housing, continues to expand its private rented sector portfolio across a national footprint. The Real Estate Investment Trust manages more than ...
Other
Grainger Director Adds Shares Through Dividend Reinvestment Plan
Positive
Mar 4, 2026
Grainger plc has disclosed that non-executive director and person discharging managerial responsibilities Michael Brodtman acquired 1,008 ordinary shares through the company’s Dividend Reinvestment Plan. The shares were purchased on 27 Febru...
Executive/Board ChangesRegulatory Filings and Compliance
Grainger Executives Receive Shares Under All-Employee Incentive Plan
Neutral
Mar 4, 2026
Grainger has disclosed routine share dealings by senior executives under its share incentive plan, in line with U.K. market abuse regulations. On 3 March 2026, the plan’s trustee purchased 4,640 partnership shares at £1.83 each for part...
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.