Greene King plc’s (GNK) Buy Rating Reiterated at Liberum Capital
A number of other equities research analysts have also recently commented on the stock. N+1 Singer restated a hold rating on shares of Greene King plc in a report on Thursday, June 29th. J P Morgan Chase & Co downgraded shares of Greene King plc to a neutral rating and decreased their price target for the company from GBX 810 ($10.74) to GBX 750 ($9.95) in a research note on Friday, June 30th. Canaccord Genuity reiterated a buy rating and set a GBX 850 ($11.27) price objective on shares of Greene King plc in a report on Friday, June 30th. HSBC Holdings plc lowered shares of Greene King plc to a reduce rating and dropped their price objective for the company from GBX 680 ($9.02) to GBX 595 ($7.89) in a report on Friday, September 1st. Finally, Beaufort Securities reissued a buy rating on shares of Greene King plc in a research report on Friday, June 30th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and six have assigned a buy rating to the company’s stock. The company currently has an average rating of Hold and a consensus price target of GBX 745.58 ($9.89).
Greene King plc (GNK) opened at 551.00 on Friday. Greene King plc has a 52-week low of GBX 527.00 and a 52-week high of GBX 805.30. The stock’s 50 day moving average price is GBX 612.24 and its 200 day moving average price is GBX 683.82. The firm’s market capitalization is GBX 1.71 billion.
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In related news, insider Gordon Fryett acquired 2,000 shares of the company’s stock in a transaction on Monday, August 21st. The shares were acquired at an average cost of GBX 659 ($8.74) per share, for a total transaction of £13,180 ($17,482.42). Also, insider Rooney Anand sold 6,293 shares of the firm’s stock in a transaction on Wednesday, August 2nd. The shares were sold at an average price of GBX 693 ($9.19), for a total value of £43,610.49 ($57,846.52).
Greene King plc 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.
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