Grenke AG (ETR:GLJ) Receives Consensus Rating of “Buy” from Brokerages

Shares of Grenke AG (ETR:GLJ) have earned an average rating of “Buy” from the six brokerages that are covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is €98.92 ($115.02).

Several research firms have issued reports on GLJ. HSBC set a €101.00 ($117.44) target price on shares of Grenke and gave the stock a “buy” rating in a research note on Tuesday, December 10th. Warburg Research set a €116.00 ($134.88) target price on shares of Grenke and gave the stock a “buy” rating in a research note on Wednesday. Kepler Capital Markets set a €93.00 ($108.14) target price on shares of Grenke and gave the stock a “neutral” rating in a research note on Friday, January 17th. Deutsche Bank set a €95.00 ($110.47) target price on shares of Grenke and gave the stock a “buy” rating in a research note on Wednesday. Finally, Berenberg Bank set a €87.50 ($101.74) target price on shares of Grenke and gave the stock a “neutral” rating in a research note on Monday, November 4th.

ETR GLJ traded down €1.95 ($2.27) on Tuesday, hitting €99.55 ($115.76). The stock had a trading volume of 37,581 shares. Grenke has a 52-week low of €70.45 ($81.92) and a 52-week high of €104.40 ($121.40). The company has a debt-to-equity ratio of 385.77, a quick ratio of 2.96 and a current ratio of 2.98. The company has a market capitalization of $4.61 billion and a price-to-earnings ratio of 34.05. The firm has a 50-day moving average of €92.59 and a 200-day moving average of €85.19.

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.

Featured Story: Float

Analyst Recommendations for Grenke (ETR:GLJ)

Receive News & Ratings for Grenke Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Grenke and related companies with MarketBeat.com's FREE daily email newsletter.