Coverage Initiated by Berenberg Bank for Global Net Lease (NYSE:GNL)

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Stock analysts at Berenberg Bank initiated coverage on shares of  Global Net Lease (NYSE:GNL) in a report issued on Tuesday. The brokerage set a Buy rating on the Finance stock. A price-to-earnings ratio of 44.07 and a beta of 0.98. Global Net Lease has a twelve month low $8.77 of  and a twelve month high of $21.71.

Shares of Global Net Lease traded up $0.33 on Tuesday, reaching $16.73. 553919 shares of the stock traded hands, compared to its average volume of 783198. Shares of Global Net Lease closed trading at $16.73 on Tuesday mid-day. The firm’s 50 day moving average is $$14.70 and its 200 day moving average is $17.67.Global Net Lease  has a 12 month low of $16.29 and a 12 month high of $21.71. While on yearly highs and lows, Global Net Lease’s today has traded high as $16.76 and has touched $16.29 on the downward trend. See More Analyst Rating at: RATING

Global Net Lease Earnings and What to expect: 

Global Net Lease last posted its earnings data on May 6th, 2020. The financial services provider reported $0.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.03 by $0.02. The company earned $79.24 million during the quarter, compared to analysts’ expectations of $80.40 million. Global Net Lease has generated $1.85 earnings per share over the last year and currently has a price-to-earnings ratio of 43.8. Global Net Lease has not formally confirmed its next earnings publication date, but the company’s estimated earnings date is Wednesday, August 5th, 2020 based off prior year’s report dates.

Earnings for Global Net Lease are expected to grow by 11.83% in the coming year, from $1.69 to $1.89 per share. The P/E ratio of Global Net Lease is 43.76, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 16.26. The P/E ratio of Global Net Lease is 43.76, which means that it is trading at a more expensive P/E ratio than the Finance sector average P/E ratio of about 18.17. Global Net Lease has a P/B Ratio of 0.87. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Latest Insiders Trading and Volume : 

  • Insider Ownership Percentage: 0.13%
  • On 3/5/2019 CEO James Larry Nelson Buy 6,000 at average share price of $18.41 which equates to $110,460.00 in money value.
  • On 3/19/2018 CEO James Larry Nelson Buy 6,000 at average price of  $16.66 with total value of : Not Data Available
  • On 3/16/2018 Director Edward M Jr. Weil Buy 6,000 at average price of  $16.72 with total value of : $100,320.00

Analyt at Berenberg Bank other ratings :

Latest rating for Global Net Lease by other brokers:

  • 6/30/2020 – Royal Dutch Shell was given a new GBX 1,440 price target on by analysts at Berenberg Bank. They now have a “neutral” rating on the stock.
  • 6/30/2020 – Safehold is now covered by analysts at Berenberg Bank. They set a “buy” rating and a $80.00 price target on the stock.
  • 6/30/2020 – Realty Income is now covered by analysts at Berenberg Bank. They set a “buy” rating and a $70.00 price target on the stock.
  • 6/30/2020 – Spirit Realty Capital is now covered by analysts at Berenberg Bank. They set a “buy” rating and a $47.00 price target on the stock.

Global Net Lease (NYSE:GNL) Moving Average Technical Analysis

5 day Moving Average is $16.11 And 5 day price change is $0.31 (1.90%)  with average volume for 5 day average is 469,703. While technical analysis for average 20 days shows significant difference, 20 day moving average is  $16.29 and 20 day price change is $2.17 (15.00%) and average 20 day moving volume is 832,741. 50 day moving average is $14.70  and 50 day price change is $4.24 ( 34.19%)  and with average volume for 50 days is : 734,838. 200 day moving average is $17.67  and 200 day price change is -$3.04 (-15.45%)  and with average volume for 200 days is : 688,640.

See More Analyst Rating at: RATING