Greene King plc Given Consensus Rating of “Buy” by Analysts (LON:GNK)
Shares of Greene King plc (LON:GNK) have received a consensus recommendation of “Buy” from the fourteen analysts that are currently covering the stock, Analyst Ratings Network.com reports. Five equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is GBX 883 ($14.86).
GNK has been the subject of a number of recent research reports. Analysts at Citigroup Inc. reiterated a “buy” rating on shares of Greene King plc in a research note on Tuesday. They now have a GBX 1,000 ($16.83) price target on the stock. Separately, analysts at JPMorgan Chase & Co. cut their price target on shares of Greene King plc from GBX 940 ($15.82) to GBX 890 ($14.98) in a research note on Thursday, July 17th. They now have a “neutral” rating on the stock. Finally, analysts at HSBC reiterated an “overweight” rating on shares of Greene King plc in a research note on Monday, July 7th. They now have a GBX 950 ($15.99) price target on the stock.
Shares of Greene King plc (LON:GNK) traded up 0.38% on Thursday, hitting GBX 797.00. 120,820 shares of the company’s stock traded hands. Greene King plc has a 52-week low of GBX 763.00 and a 52-week high of GBX 933.50. The stock has a 50-day moving average of GBX 831.3 and a 200-day moving average of GBX 868.1. The company’s market cap is £1.734 billion.
The company also recently announced a dividend, which is scheduled for Monday, September 15th. Shareholders of record on Wednesday, August 13th will be paid a dividend of GBX 20.80 ($0.35) per share. This represents a dividend yield of 2.55%. The ex-dividend date is Wednesday, August 13th.
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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