Greene King PT Raised to GBX 946 (GNK)
Investment analysts at N+1 Singer upped their price objective on shares of Greene King (LON:GNK) from GBX 880 ($14.50) to GBX 946 ($15.59) in a note issued to investors on Monday, American Banking & Market News reports. The firm currently has a “buy” rating on the stock. N+1 Singer’s price target indicates a potential upside of 5.58% from the stock’s previous close.
Shares of Greene King (LON:GNK) opened at 907.50 on Monday. Greene King has a 52-week low of GBX 638.50 and a 52-week 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 £1.967 billion.
The company also recently declared a dividend, which is scheduled for Friday, January 24th. Shareholders of record on Wednesday, December 18th will be given a dividend of GBX 7.60 ($0.13) per share. This represents a yield of 0.89%. The ex-dividend date of this dividend is Wednesday, December 18th.
Several other analysts have also recently commented on the stock. Analysts at Deutsche Bank reiterated a “buy” rating on shares of Greene King in a research note to investors on Friday. They now have a GBX 890 ($14.67) price target on the stock. Separately, analysts at Numis Securities Ltd raised their price target on shares of Greene King from GBX 925 ($15.24) to GBX 975 ($16.07) in a research note to investors on Wednesday, January 8th. They now have an “add” rating on the stock. Finally, 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 ($14.50) price target on the stock. Six analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of GBX 779.11 ($12.84).
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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