Numis Securities Ltd Upgrades Greene King plc to Add (GNK)
Greene King plc (LON:GNK) was upgraded by Numis Securities Ltd to an “add” rating in a research note issued on Wednesday. The firm currently has a GBX 975 ($16.59) price target on the stock. Numis Securities Ltd’s price objective suggests a potential upside of 18.69% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. 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). Separately, analysts at Oriel Securities Ltd reiterated a “buy” rating on shares of Greene King plc in a research note on Wednesday, June 4th. Six research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of GBX 874.36 ($14.88).
Shares of Greene King plc (LON:GNK) traded up 1.28% on Wednesday, hitting GBX 832.00. 405,203 shares of the company’s stock traded hands. Greene King plc has a 52 week low of GBX 744.50 and a 52 week high of GBX 933.50. The stock’s 50-day moving average is GBX 850.8 and its 200-day moving average is GBX 876.8. The company’s market cap is £1.804 billion.
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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