Other equities research analysts also recently issued reports about the company. Deutsche Bank set a €107.00 ($124.42) price target on Grenke and gave the company a buy rating in a research note on Tuesday, November 6th. Warburg Research set a €105.00 ($122.09) price target on Grenke and gave the company a buy rating in a research note on Tuesday, October 30th. Berenberg Bank set a €81.00 ($94.19) price target on Grenke and gave the company a neutral rating in a research note on Tuesday. Finally, Commerzbank set a €80.00 ($93.02) price target on Grenke and gave the company a neutral rating in a research note on Tuesday, November 6th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company has an average rating of Buy and an average target price of €93.17 ($108.33).
Shares of Grenke stock traded down €0.20 ($0.23) during trading hours on Thursday, reaching €73.60 ($85.58). 108,385 shares of the stock traded hands.
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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