Deutsche Bank Reiterates €88.00 Price Target for Grenke (ETR:GLJ)

Deutsche Bank set a €88.00 ($102.33) target price on Grenke (ETR:GLJ) in a research note published on Wednesday, Borsen Zeitung reports. The brokerage currently has a buy rating on the stock.

GLJ has been the subject of a number of other research reports. Warburg Research set a €105.00 ($122.09) price objective on shares of Grenke and gave the company a buy rating in a report on Tuesday. Berenberg Bank set a €75.00 ($87.21) price objective on shares of Grenke and gave the company a neutral rating in a report on Wednesday. Pareto Securities set a €101.00 ($117.44) price objective on shares of Grenke and gave the company a buy rating in a report on Thursday, July 25th. Finally, HSBC set a €103.00 ($119.77) price objective on shares of Grenke and gave the company a buy rating in a report on Tuesday, July 23rd. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company has an average rating of Buy and a consensus target price of €91.33 ($106.20).

Shares of GLJ opened at €77.25 ($89.83) on Wednesday. The company has a debt-to-equity ratio of 396.84, a current ratio of 2.77 and a quick ratio of 2.59. Grenke has a 12-month low of €68.95 ($80.17) and a 12-month high of €107.30 ($124.77). The firm has a 50-day moving average price of €90.51. The stock has a market capitalization of $3.58 billion and a price-to-earnings ratio of 27.73.

About Grenke

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.

See Also: Intrinsic Value

Analyst Recommendations for Grenke (ETR:GLJ)

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