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(Sharecast News) - Analysts at JP Morgan upped their target price on residential property business Grainger on Friday from 320.0p to 350.0p, citing the group's recent full-year net asset value beat.
JP Morgan said it chose to made the move following Grainger's 2020 results, which it said proved the "resilience" of the portfolio by delivering "solid rental growth and valuation gains" during "an extremely disruptive period".
"We expect the premium to NAV to become imbedded, allowing the company access to accretive equity capital and leverage its proven operational platform," said JP Morgan, which also reiterated its 'overweight' rating on the stock.
The analysts also noted that given the size of the market, and the demonstrated platform capability, they felt there was "practically no limit" as far as future growth potential was concerned on a decade-plus view.
5 May 2022 16:06
UK earnings, trading statements calendar - next 7 days
| Friday 6 May | |
| Beazley PLC | Trading Statement |
| InterContinental Hotels Group PLC | Q1 Results |
| International Consolidated Airlines Group SA | Q1 Results |
| Numis Corp | Half Year Results |
| S4 Capital PLC | Full Year Results |
| Spirent Communications PLC | Trading Statement |
| Monday 9 May | |
| HgCapital Trust PLC | Trading Statement |
| Georgia Capital PLC | Trading Statement |
| Kosmos Energy Ltd | Q1 Results |
| Tuesday 10 May | |
| FD Technologies PLC | Full Year Results |
| Pacific Assets Trust PLC | Full Year Results |
| Renishaw PLC | Trading Statement |
| Shanta Gold Ltd | Full Year Results |
| Treatt PLC | Half Year Results |
| Trellus Health PLC | Full Year Results |
| Wednesday 11 May | |
| Airtel Africa PLC | Full Year Results |
| Anexo Group PLC | Full Year Results |
| Angling Direct PLC | Full Year Results |
| Bank of Georgia Group PLC | Q1 Results |
| Brewin Dolphin Holdings PLC | Half Year Results |
| Compass Group PLC | Half Year Results |
| Conduit Holdings Ltd | Trading Statement |
| Dignity PLC | Trading Statement |
| ITV PLC | Trading Statement |
| Spirax-Sarco Engineering PLC | Trading Statement |
| Vertu Motors PLC | Full Year Results |
| Thursday 12 May | |
| 3i Group PLC | Full Year Results |
| Adnams PLC | Trading Statement |
| Balfour Beatty PLC | Trading Statement |
| BT Group PLC | Full Year Results |
| Coca-Cola HBC AG | Q1 Results |
| ConvaTec Group PLC | Trading Statement |
| Entain PLC | Trading Statement |
| Grainger PLC | Half Year Results |
| Hargreaves Lansdown PLC | Trading Statement |
| Plant Health Care PLC | Full Year Results |
| Rolls-Royce Holdings PLC | Trading Statement |
| Seraphim Space Investment Trust PLC | Q3 Results |
| Superdry PLC | Trading Statement |
| Titon Holdings PLC | Half Year Results |
| Versarien PLC | Half Year Results |
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