Greene King plc Lifted to Buy at Numis Securities Ltd (GNK)
Greene King plc (LON:GNK) was upgraded by equities research analysts at Numis Securities Ltd to a “buy” rating in a research note issued to investors on Tuesday. The firm currently has a GBX 975 ($16.13) price target on the stock. Numis Securities Ltd’s price objective suggests a potential upside of 21.04% from the company’s current price.
Several other analysts have also recently commented on the stock. 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 ($16.55) price target on the stock. Separately, analysts at JPMorgan Chase & Co. cut their price target on shares of Greene King plc from GBX 940 ($15.56) to GBX 890 ($14.73) 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 ($15.72) price target on the stock. Four analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of GBX 883 ($14.61).
Shares of Greene King plc (LON:GNK) opened at 820.00 on Tuesday. 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 818.8 and a 200-day moving average of GBX 862.0. The company’s market cap is £1.787 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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