Greene King plc (GNK) Receives GBX 572.27 Average Price Target from Analysts
Greene King plc (LON:GNK) has received a consensus rating of “Hold” from the fifteen research firms that are covering the firm, MarketBeat reports. Five research analysts have rated the stock with a sell rating, five have given a hold rating and five have assigned a buy rating to the company. The average 1-year target price among brokers that have covered the stock in the last year is GBX 572.27 ($7.91).
GNK has been the topic of several research analyst reports. Berenberg Bank reaffirmed a “sell” rating and issued a GBX 450 ($6.22) price target on shares of Greene King in a research report on Monday, January 8th. Peel Hunt reaffirmed an “add” rating and issued a GBX 600 ($8.29) price target on shares of Greene King in a research report on Friday, January 5th. JPMorgan Chase & Co. downgraded Greene King to an “underweight” rating and lowered their price target for the company from GBX 650 ($8.98) to GBX 500 ($6.91) in a research report on Tuesday, January 2nd. Liberum Capital lowered their price target on Greene King from GBX 720 ($9.95) to GBX 690 ($9.53) and set a “buy” rating on the stock in a research report on Monday, January 15th. Finally, Numis Securities reaffirmed a “hold” rating and issued a GBX 595 ($8.22) price target on shares of Greene King in a research report on Thursday, November 30th.
In related news, insider Rooney Anand bought 10,000 shares of Greene King stock in a transaction that occurred on Wednesday, February 7th. The stock was acquired at an average price of GBX 503 ($6.95) per share, for a total transaction of £50,300 ($69,494.34).
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About Greene King
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.
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