Greene King plc Stock Rating Reaffirmed by N+1 Singer (GNK)
Greene King plc (LON:GNK)‘s stock had its “buy” rating restated by equities research analysts at N+1 Singer in a research note issued to investors on Friday. They currently have a GBX 954 ($16.24) price target on the stock. N+1 Singer’s target price indicates a potential upside of 11.71% from the stock’s previous close.
Greene King plc (LON:GNK) traded up 1.55% during mid-day trading on Friday, hitting GBX 854.00. 697,200 shares of the company’s stock traded hands. Greene King plc has a 1-year low of GBX 744.50 and a 1-year high of GBX 933.50. The stock has a 50-day moving average of GBX 849.4 and a 200-day moving average of GBX 876.4. The company’s market cap is £1.851 billion.
A number of other analysts have also recently weighed in on GNK. 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. Six analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of GBX 874.36 ($14.88).
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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