Greene King plc (GNK) Receives GBX 647.50 Consensus Target Price from Analysts
Shares of Greene King plc (LON:GNK) have been given an average rating of “Hold” by the twelve ratings firms that are covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and seven have given a buy rating to the company. The average 1 year price target among brokerages that have covered the stock in the last year is GBX 647.50 ($8.46).
GNK has been the subject of several analyst reports. JPMorgan Chase & Co. raised shares of Greene King to a “neutral” rating and raised their price objective for the stock from GBX 520 ($6.79) to GBX 720 ($9.41) in a report on Tuesday, March 5th. Liberum Capital raised their price objective on shares of Greene King from GBX 690 ($9.02) to GBX 790 ($10.32) and gave the stock a “buy” rating in a report on Tuesday, April 30th. Peel Hunt raised their price objective on shares of Greene King from GBX 700 ($9.15) to GBX 800 ($10.45) and gave the stock a “buy” rating in a report on Friday, April 12th. Numis Securities reissued a “reduce” rating and issued a GBX 550 ($7.19) price target on shares of Greene King in a report on Wednesday, May 1st. Finally, Berenberg Bank reissued a “sell” rating on shares of Greene King in a report on Friday, March 1st.
GNK traded up GBX 12 ($0.16) on Thursday, hitting GBX 635 ($8.30). The company’s stock had a trading volume of 540,719 shares, compared to its average volume of 1,750,000. The company has a market cap of $1.96 billion and a PE ratio of 12.62. Greene King has a 12 month low of GBX 466.90 ($6.10) and a 12 month high of GBX 705.60 ($9.22). The company has a current ratio of 0.54, a quick ratio of 0.37 and a debt-to-equity ratio of 110.12.
Greene King Company Profile
Greene King plc operates as a pub retailer and brewer in the United Kingdom. The company operates through three segments: Pub Company, Pub Partners, and Brewing & Brands. Its brands include Greene King Local Pubs, Hungry Horse, Flaming Grill, Farmhouse Inns, and Chef & Brewer. The company is also involved in brewing, marketing, and selling beer under the Greene King IPA, Old Speckled Hen, Abbot Ale, and Belhaven Best brands.
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