Brokerages Set Grenke AG (GLJ) Price Target at $93.00

Shares of Grenke AG (ETR:GLJ) have been given an average rating of “Buy” by the six brokerages that are covering the firm, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is €93.00 ($108.14).

GLJ has been the subject of a number of recent research reports. Warburg Research set a €105.00 ($122.09) target price on Grenke and gave the stock a “buy” rating in a research report on Thursday, January 3rd. Deutsche Bank set a €91.00 ($105.81) target price on Grenke and gave the stock a “buy” rating in a research report on Thursday, January 17th. HSBC set a €96.00 ($111.63) target price on Grenke and gave the stock a “buy” rating in a research report on Thursday, January 10th. Finally, Berenberg Bank set a €81.00 ($94.19) target price on Grenke and gave the stock a “neutral” rating in a research report on Wednesday, February 13th.

Shares of GLJ stock traded up €0.45 ($0.52) on Thursday, reaching €94.25 ($109.59). 28,117 shares of the stock were exchanged. The company has a market cap of $4.37 billion and a P/E ratio of 33.88. Grenke has a one year low of €68.95 ($80.17) and a one year high of €107.30 ($124.77). The company has a quick ratio of 2.83, a current ratio of 2.85 and a debt-to-equity ratio of 360.40.

Grenke Company Profile

Grenke AG engages in the leasing, banking, and factoring businesses in Germany and internationally. The company is involved in the leasing activities, such as financing to commercial lessees, rental, insurance, service, and maintenance offerings, as well as disposal of used equipment; and small-ticket leasing of IT products, such as PCs, notebooks, servers, monitors, peripheral devices, software, and telecommunication and copier equipment, as well as other IT products.

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Analyst Recommendations for Grenke (ETR:GLJ)

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