Deutsche Bank Reiterates €91.00 Price Target for Grenke (GLJ)
Deutsche Bank set a €91.00 ($105.81) price objective on Grenke (ETR:GLJ) in a report released on Tuesday, Borsen Zeitung reports. The firm currently has a buy rating on the stock.
Several other analysts also recently issued reports on the company. Warburg Research set a €115.00 ($133.72) price target on Grenke and gave the company a buy rating in a research note on Wednesday, April 3rd. HSBC set a €101.00 ($117.44) price objective on Grenke and gave the stock a buy rating in a research report on Friday, February 22nd. Finally, Berenberg Bank set a €81.00 ($94.19) price objective on Grenke and gave the stock a neutral rating in a report on Wednesday, February 13th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock presently has a consensus rating of Buy and a consensus target price of €93.00 ($108.14).
GLJ opened at €89.00 ($103.49) on Tuesday. The firm has a market capitalization of $4.13 billion and a P/E ratio of 31.99. The company has a current ratio of 2.85, a quick ratio of 2.83 and a debt-to-equity ratio of 360.40. Grenke has a 12 month low of €68.95 ($80.17) and a 12 month high of €107.30 ($124.77).
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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