Greene King plc Receives Average Recommendation of “Buy” from Analysts (LON:GNK)
Greene King plc (LON:GNK) has earned an average rating of “Buy” from the fourteen ratings firms that are currently covering the company, Analyst Ratings News reports. Five analysts have rated the stock with a hold recommendation and nine have issued a buy recommendation on the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is GBX 883 ($14.81).
Shares of Greene King plc (LON:GNK) opened at 790.50 on Thursday. Greene King plc has a one year low of GBX 763.00 and a one year high of GBX 933.50. The stock has a 50-day moving average of GBX 829. and a 200-day moving average of GBX 867.0. The company’s market cap is £1.722 billion.
The company also recently declared a dividend, which is scheduled for Monday, September 15th. Shareholders of record on Wednesday, August 13th will be given a dividend of GBX 20.80 ($0.35) per share. This represents a yield of 2.55%. The ex-dividend date of this dividend is Wednesday, August 13th.
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, August 5th. They now have a GBX 1,000 ($16.78) price target on the stock. Separately, analysts at JPMorgan Chase & Co. cut their price target on shares of Greene King plc from GBX 940 ($15.77) to GBX 890 ($14.93) 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 ($15.94) price target on the stock.
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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