Greene King Price Target Increased to GBX 975 by Analysts at Numis Securities Ltd (GNK)
Equities researchers at Numis Securities Ltd increased their price objective on shares of Greene King (LON:GNK) from GBX 925 ($15.17) to GBX 975 ($15.99) in a research report issued on Wednesday, Analyst Ratings Network.com reports. The firm currently has an “add” rating on the stock. Numis Securities Ltd’s price target would indicate a potential upside of 11.81% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Greene King in a research note to investors on Thursday, December 5th. They now have a GBX 880 ($14.43) price target on the stock. Separately, analysts at Citigroup Inc. raised their price target on shares of Greene King from GBX 900 ($14.76) to GBX 985 ($16.16) in a research note to investors on Wednesday, December 4th. They now have a “buy” rating on the stock. Finally, analysts at Beaufort Securities reiterated a “buy” rating on shares of Greene King in a research note to investors on Wednesday, December 4th. Six investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. Greene King presently has an average rating of “Buy” and an average target price of GBX 771.78 ($12.66).
Shares of Greene King (LON:GNK) traded up 0.63% on Wednesday, hitting GBX 877.4999. 184,857 shares of the company’s stock traded hands. Greene King has a 52-week low of GBX 620.00 and a 52-week high of GBX 901.5001. The stock’s 50-day moving average is GBX 855.8 and its 200-day moving average is GBX 833.9. The company’s market cap is £1.902 billion.
The company also recently announced a dividend, which is scheduled for Friday, January 24th. Stockholders of record on Wednesday, December 18th will be paid a dividend of GBX 7.60 ($0.12) per share. This represents a dividend yield of 0.89%. The ex-dividend date is Wednesday, December 18th.
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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