Warburg Research set a €115.00 ($133.72) target price on Grenke (ETR:GLJ) in a research report released on Monday, Borsen Zeitung reports. The brokerage currently has a buy rating on the stock.
GLJ has been the subject of several other reports. HSBC set a €96.00 ($111.63) price objective on Grenke and gave the company a buy rating in a research note on Thursday, January 10th. Deutsche Bank set a €91.00 ($105.81) price objective on Grenke and gave the company a buy rating in a research note on Thursday, January 17th. Finally, Berenberg Bank set a €81.00 ($94.19) price objective on Grenke and gave the company a neutral rating in a research note on Tuesday, January 8th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Grenke currently has a consensus rating of Buy and a consensus price target of €93.00 ($108.14).
ETR GLJ opened at €91.55 ($106.45) on Monday. Grenke has a 1-year low of €68.95 ($80.17) and a 1-year high of €107.30 ($124.77). The company has a market capitalization of $4.24 billion and a P/E ratio of 32.91. 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 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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