Other research analysts have also issued research reports about the stock. Deutsche Bank set a €107.00 ($124.42) price objective on shares of Grenke and gave the company a buy rating in a report on Wednesday, July 18th. 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 Friday, July 27th. HSBC set a €96.00 ($111.63) price objective on shares of Grenke and gave the company a neutral rating in a report on Friday, October 5th. Finally, equinet set a €90.00 ($104.65) target price on shares of Grenke and gave the company a neutral rating in a research report on Friday, July 27th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock currently has an average rating of Hold and an average target price of €97.60 ($113.49).
ETR GLJ traded down €3.35 ($3.90) during trading hours on Friday, reaching €82.20 ($95.58). The company’s stock had a trading volume of 120,520 shares.
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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