Greene King plc Receives Consensus Rating of “Buy” from Analysts (LON:GNK)
Shares of Greene King plc (LON:GNK) have earned a consensus rating of “Buy” from the seventeen brokerages that are covering the company, AnalystRatingsNetwork reports. Six investment analysts have rated the stock with a hold recommendation and eleven have assigned a buy recommendation to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is GBX 874.36 ($14.88).
Greene King plc (LON:GNK) opened at 825.00 on Wednesday. Greene King plc has a 52 week low of GBX 726.50 and a 52 week high of GBX 933.50. The stock’s 50-day moving average is GBX 851.9 and its 200-day moving average is GBX 876.9. The company’s market cap is £1.789 billion.
A number of analysts have recently weighed in on GNK shares. Analysts at Numis Securities Ltd upgraded shares of Greene King plc to an “add” rating in a research note on Wednesday. They now have a GBX 975 ($16.59) price target on the stock. Separately, analysts at Deutsche Bank reiterated a “buy” rating on shares of Greene King plc in a research note on Monday. They now have a GBX 1,005 ($17.10) price target on the stock, down previously from GBX 1,045 ($17.78). Finally, analysts at Oriel Securities Ltd reiterated a “buy” rating on shares of Greene King plc in a research note on Wednesday, June 4th.
Greene King plc is the 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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