Why Global Net Lease Inc (NYSE: GNL) At $7.66 Is Worth Your Money?

Global Net Lease Inc (NYSE:GNL) does about 1.63M shares in volume on a normal day but saw 1068992 shares change hands in Tuesday’s trading. The company now has a market cap of 1.76B USD. Its current market price is $7.66, marking an increase of 1.73% compared to the previous close of $7.53. The 52 week high reached by this stock is $11.58 whilst the lowest price level in 52 weeks is $6.52.

Global Net Lease Inc (GNL) has a 20-day trading average at $7.07 and the current price is -33.85% off the 52-week high compared with 17.48% distance from its 52-week low. The 50-day simple moving average of the closing price is $7.25 and its 200-day simple moving average is $8.75. If we look at the stock’s price movements over the week, volatility stands at 2.08%, which increases to 2.46% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 67.16 to suggest the stock is neutral.

The consensus objective for the share price is $10.10, suggesting that the stock has a potential upside of 24.16% over the period.

The company shares received a number of brokerage firm price updates over the past month, with the latest being on March 28, 2024 when Truist initiated the stock to “Hold” and issued a price target of $7. BMO Capital Markets initiated its price target at $11.

Global Net Lease Inc (GNL) stock is up 6.39% over the week and 13.82% over the past month. Its price is -23.02% year-to-date and -27.60% over the past year.

To reach the target analysts have set, the stock logically needs to grow 24.16 percent from here.

The company has a return on investment of -3.62% and return on equity of -12.17%. The forward price to earnings ratio is 10.35. The beta has a value of 1.35. Price to book ratio is 0.70 and price to sales ratio is 2.82.