Greene King Price Target Raised to GBX 960 at JPMorgan Chase & Co. (GNK)
JPMorgan Chase & Co. lifted their target price on shares of Greene King (LON:GNK) from GBX 880 ($14.45) to GBX 960 ($15.76) in a research note issued on Friday, AmericanBankingNews.com reports. The firm currently has a “neutral” rating on the stock. JPMorgan Chase & Co.’s price objective would indicate a potential upside of 10.28% from the company’s current price.
Shares of Greene King (LON:GNK) traded down 1.86% during mid-day trading on Friday, hitting GBX 870.50. The stock had a trading volume of 309,172 shares. Greene King has a 52 week low of GBX 643.00 and a 52 week high of GBX 933.50. The stock’s 50-day moving average is GBX 874.9 and its 200-day moving average is GBX 843.6. The company’s market cap is £1.887 billion.
Other equities research analysts have also recently issued reports about the stock. Analysts at Beaufort Securities reiterated a “buy” rating on shares of Greene King in a research note to investors on Tuesday, January 14th. Separately, analysts at Panmure Gordon raised their price target on shares of Greene King from GBX 750 ($12.31) to GBX 860 ($14.12) in a research note to investors on Monday, January 13th. 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 ($14.45) to GBX 946 ($15.53) in a research note to investors on Monday, January 13th. They now have a “buy” rating on the stock. Six investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of GBX 789.67 ($12.96).
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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