Greene King Stock Rating Reaffirmed by Deutsche Bank (GNK)
Greene King (LON:GNK)‘s stock had its “buy” rating reiterated by analysts at Deutsche Bank in a research report issued to clients and investors on Friday, AnalystRatingsNetwork reports. They currently have a GBX 890 ($14.60) price target on the stock. Deutsche Bank’s price objective indicates a potential downside of 0.67% from the stock’s previous close.
Greene King (LON:GNK) opened at 896.00 on Friday. Greene King has a one year low of GBX 643.00 and a one year high of GBX 901.5001. The stock’s 50-day moving average is GBX 860.7 and its 200-day moving average is GBX 834.9. The company’s market cap is £1.943 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.
Several other analysts have also recently commented on the stock. Analysts at Numis Securities Ltd raised their price target on shares of Greene King from GBX 925 ($15.17) to GBX 975 ($15.99) in a research note to investors on Wednesday. They now have an “add” rating on the stock. Separately, 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. Finally, 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. Six research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of GBX 771.78 ($12.66).
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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