Greene King (LON:GNK) had its target price cut by equities research analysts at Canaccord Genuity from GBX 550 ($7.37) to GBX 520 ($6.96) in a research note issued on Friday. The brokerage presently has a “hold” rating on the stock. Canaccord Genuity’s target price suggests a potential downside of 0.20% from the stock’s previous close.

A number of other equities analysts also recently commented on the stock. Liberum Capital reaffirmed a “buy” rating and issued a GBX 720 ($9.64) price objective on shares of Greene King in a report on Thursday. Shore Capital reaffirmed a “buy” rating on shares of Greene King in a report on Thursday. Peel Hunt cut their target price on Greene King from GBX 625 ($8.37) to GBX 600 ($8.04) and set an “add” rating on the stock in a research note on Thursday. Numis Securities reiterated a “hold” rating and issued a GBX 595 ($7.97) target price on shares of Greene King in a research note on Thursday. Finally, Barclays reiterated an “overweight” rating and issued a GBX 635 ($8.50) target price on shares of Greene King in a research note on Wednesday. One analyst has rated the stock with a sell rating, eight have given a hold rating and four have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of GBX 620 ($8.30).

Greene King (LON:GNK) opened at GBX 521.04 ($6.98) on Friday. Greene King has a 1-year low of GBX 490.08 ($6.56) and a 1-year high of GBX 768 ($10.29).

Greene King (LON:GNK) last released its quarterly earnings data on Thursday, November 30th. The company reported GBX 33 ($0.44) EPS for the quarter, missing analysts’ consensus estimates of GBX 34 ($0.46) by GBX (1) (($0.01)). The business had revenue of GBX 103.14 billion during the quarter. Greene King had a return on equity of 7.76% and a net margin of 6.65%.

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Greene King Company Profile

Greene King plc is an integrated pub retailer and brewer. The Company operates approximately 3,040 managed, tenanted, leased and franchised pubs, restaurants and hotels, including brands, such as Hungry Horse, Chef & Brewer, Flaming Grill, Farmhouse Inns and its Greene King locals estate. The Company’s segments include Pub Company, Pub Partners, and Brewing & Brands.

Analyst Recommendations for Greene King (LON:GNK)

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