Grenke (ETR:GLJ) has been assigned a €96.00 ($111.63) target price by equities researchers at HSBC in a report issued on Thursday. The firm presently has a “buy” rating on the stock. HSBC’s price target suggests a potential upside of 30.43% from the stock’s previous close.
GLJ has been the topic of a number of other reports. Berenberg Bank set a €81.00 ($94.19) price objective on shares of Grenke and gave the stock a “neutral” rating in a report on Tuesday. Warburg Research set a €105.00 ($122.09) price objective on shares of Grenke and gave the stock a “buy” rating in a report on Tuesday, October 30th. Commerzbank set a €90.00 ($104.65) price objective on shares of Grenke and gave the stock a “neutral” rating in a report on Friday, October 26th. Finally, Deutsche Bank set a €107.00 ($124.42) price objective on shares of Grenke and gave the stock a “buy” rating in a report on Tuesday, November 6th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of €93.17 ($108.33).
GLJ opened at €73.60 ($85.58) on Thursday.
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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