Greene King’s “Buy” Rating Reaffirmed at Citigroup Inc. (GNK)
Greene King (LON:GNK)‘s stock had its “buy” rating reiterated by investment analysts at Citigroup Inc. in a note issued to investors on Wednesday, StockRatingsNetwork reports. They currently have a GBX 900 ($14.52) target price on the stock. Citigroup Inc.’s price target points to a potential upside of 14.36% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at JPMorgan Chase & Co. downgraded shares of Greene King (LON:GNK) from an “overweight” rating to a “neutral” rating in a research note to investors on Thursday, September 12th. They now have a GBX 880 ($14.20) price target on the stock. Separately, analysts at Prime Markets reiterated a “buy” rating on shares of Greene King (LON:GNK) in a research note to investors on Tuesday, September 3rd. They now have a GBX 900 ($14.52) price target on the stock. Finally, analysts at Panmure Gordon reiterated a “hold” rating on shares of Greene King (LON:GNK) in a research note to investors on Friday, August 30th. They now have a GBX 750 ($12.10) price target on the stock. Six equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of GBX 743.98 ($12.00).
Greene King (LON:GNK) traded up 0.22% during mid-day trading on Wednesday, hitting GBX 788.71. The stock had a trading volume of 293,491 shares. Greene King has a 52 week low of GBX 575.76 and a 52 week high of GBX 901.5001. The stock has a 50-day moving average of GBX 835. and a 200-day moving average of GBX 774.7. The company’s market cap is £1.708 billion.
Greene King plc is a holding company for a group whose principal activities are operating managed, tenanted and leased public houses, brewing beer, and wholesaling beers, wines, spirits and soft drinks.
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