Panmure Gordon Lowers Greene King plc (GNK) Price Target to GBX 1,050
Greene King plc (LON:GNK) had its price objective lowered by Panmure Gordon from GBX 1,090 ($14.23) to GBX 1,050 ($13.71) in a report released on Thursday morning. The brokerage currently has a buy rating on the stock.
GNK has been the topic of several other reports. JPMorgan Chase & Co. reissued an overweight rating on shares of Greene King plc in a research report on Monday, September 12th. Canaccord Genuity reissued a buy rating and set a GBX 1,100 ($14.36) price target on shares of Greene King plc in a research report on Monday, May 23rd. Deutsche Bank AG restated a buy rating and set a GBX 1,175 ($15.34) price objective on shares of Greene King plc in a report on Thursday, June 9th. Barclays PLC restated an overweight rating and set a GBX 990 ($12.92) price objective on shares of Greene King plc in a report on Thursday, June 30th. Finally, HSBC dropped their price objective on Greene King plc from GBX 870 ($11.36) to GBX 830 ($10.83) and set a hold rating on the stock in a report on Monday, August 1st. Five research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Greene King plc presently has an average rating of Buy and a consensus price target of GBX 995.33 ($12.99).
Shares of Greene King plc (LON:GNK) opened at 785.00 on Thursday. The stock has a 50 day moving average price of GBX 806.35 and a 200 day moving average price of GBX 832.24. Greene King plc has a 12-month low of GBX 719.49 and a 12-month high of GBX 985.00. The firm’s market capitalization is GBX 2.43 billion.
The company also recently declared a dividend, which was paid on Monday, September 12th. Stockholders of record on Thursday, August 11th were issued a GBX 23.60 ($0.31) dividend. This represents a dividend yield of 2.97%. This is an increase from Greene King plc’s previous dividend of $8.45. The ex-dividend date was Thursday, August 11th.
In other news, insider Weedall,Lynne purchased 1,000 shares of the stock in a transaction dated Wednesday, July 6th. The stock was acquired at an average cost of GBX 721 ($9.41) per share, for a total transaction of £7,210 ($9,411.30). Also, insider Yea,Philip purchased 10,000 shares of the stock in a transaction dated Tuesday, July 5th. The stock was purchased at an average price of GBX 747 ($9.75) per share, with a total value of £74,700 ($97,506.85).
Greene King plc Company Profile
Greene King plc is a United Kingdom-based pub and brewing company. The Company is engaged in operating over 3,000 managed, tenanted, leased and franchised pubs, restaurants and hotels, and brewing ales. The Company operates through three segments: Retail, which is engaged in the operation of managed pubs and restaurants; Pub Partners, which is engaged in the operation of tenanted and leased pubs, and Brewing & Brands, which is involved in brewing, marketing and selling beer.
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