Greene King plc (GNK) Receives GBX 723.20 Consensus Price Target from Brokerages
Greene King plc (LON:GNK) has received an average recommendation of “Hold” from the fifteen brokerages that are presently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, eight have issued a hold recommendation and six have given a buy recommendation to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is GBX 723.20 ($9.61).
A number of research analysts have recently weighed in on GNK shares. Peel Hunt started coverage on Greene King plc in a report on Thursday, August 3rd. They set an “add” rating and a GBX 750 ($9.97) price target on the stock. Liberum Capital reiterated a “buy” rating and set a GBX 780 ($10.36) price target on shares of Greene King plc in a report on Friday, August 11th. Shore Capital reiterated a “buy” rating on shares of Greene King plc in a report on Thursday, June 29th. Canaccord Genuity reiterated a “buy” rating and set a GBX 850 ($11.29) price target on shares of Greene King plc in a report on Friday, June 30th. Finally, Beaufort Securities reiterated a “buy” rating on shares of Greene King plc in a report on Friday, June 30th.
In other news, insider Gordon Fryett bought 2,000 shares of the stock in a transaction on Monday, August 21st. The shares were purchased at an average price of GBX 659 ($8.76) per share, for a total transaction of £13,180 ($17,512.62). Also, insider Rooney Anand sold 6,293 shares of the business’s stock in a transaction dated Wednesday, August 2nd. The shares were sold at an average price of GBX 693 ($9.21), for a total value of £43,610.49 ($57,946.44).
Greene King plc (LON GNK) traded up 0.93% during mid-day trading on Wednesday, hitting GBX 543.00. The company had a trading volume of 976,258 shares. The company’s 50 day moving average price is GBX 566.45 and its 200-day moving average price is GBX 668.89. Greene King plc has a one year low of GBX 518.00 and a one year high of GBX 773.78. The company’s market cap is GBX 1.68 billion.
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About Greene King plc
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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