Shares of Grenke AG (ETR:GLJ – Get Rating) traded down 2.3% on Thursday . The stock traded as low as €23.46 ($24.96) and last traded at €23.60 ($25.11). 22,393 shares were traded during trading, The stock had previously closed at €24.16 ($25.70).
Several research analysts have weighed in on the company. Berenberg Bank set a €50.00 ($53.19) target price on Grenke in a report on Monday, May 16th. Warburg Research set a €38.70 ($41.17) price target on Grenke in a research note on Thursday, May 12th. Deutsche Bank Rese… set a €34.00 ($36.17) price target on Grenke in a research note on Thursday, May 19th. Finally, Deutsche Bank Aktiengesellschaft set a €34.00 ($36.17) price target on Grenke in a research note on Friday, March 18th.
The firm has a market cap of $1.13 billion and a price-to-earnings ratio of 11.74. The company has a debt-to-equity ratio of 279.11, a current ratio of 2.39 and a quick ratio of 2.26. The business has a 50-day moving average of €25.37 and a 200-day moving average of €27.04.
Grenke AG, together with its subsidiaries, provides a range of banking and financial services to small and medium-sized (SME) enterprises in Germany, France, Italy, and internationally. It operates through three segments: Leasing, Banking, and Factoring. The company is involved in the leasing activities, such as financing to commercial lessees, leasing, service, protection, and maintenance offerings, as well as disposal of used equipment; and small-ticket leasing of IT products, such as PCs, notebooks, servers, monitors, peripheral equipment, software, telecommunication and copying and medical technology, as well as other IT products.
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