Greene King Given Buy Rating at Beaufort Securities (GNK)
Greene King (LON:GNK)‘s stock had its “buy” rating reiterated by equities research analysts at Beaufort Securities in a research note issued to investors on Tuesday, American Banking News reports.
A number of other firms have also recently commented on GNK. Analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Greene King in a research note to investors on Tuesday. Separately, analysts at Panmure Gordon raised their price target on shares of Greene King from GBX 750 ($12.36) to GBX 860 ($14.17) in a research note to investors on Monday. They now have a “hold” rating on the stock. Finally, analysts at Nplus1 Brewin raised their price target on shares of Greene King from GBX 880 ($14.50) to GBX 946 ($15.59) in a research note to investors on Monday. They now have a “buy” rating on the stock. Six research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of GBX 779.65 ($12.85).
Shares of Greene King (LON:GNK) traded down 0.44% on Tuesday, hitting GBX 913.50. The stock had a trading volume of 240,538 shares. Greene King has a 52-week low of GBX 643.00 and a 52-week high of GBX 933.50. The stock has a 50-day moving average of GBX 871.6 and a 200-day moving average of GBX 840.7. The company’s market cap is £1.980 billion.
The company also recently announced a dividend, which is scheduled for Friday, January 24th. Investors of record on Wednesday, December 18th will be paid a dividend of GBX 7.60 ($0.13) 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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