Greene King plc Receives Buy Rating from Deutsche Bank (GNK)
Greene King plc (LON:GNK)‘s stock had its “buy” rating reissued by analysts at Deutsche Bank in a research report issued to clients and investors on Tuesday. They currently have a GBX 1,005 ($16.68) price objective on the stock. Deutsche Bank’s target price suggests a potential upside of 21.97% from the stock’s previous close.
A number of other analysts have also recently weighed in on GNK. Analysts at Numis Securities Ltd upgraded shares of Greene King plc to a “buy” rating in a research note on Tuesday, August 26th. They now have a GBX 975 ($16.18) price target on the stock. Separately, 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 ($16.59) price target on the stock. Finally, analysts at JPMorgan Chase & Co. cut their price target on shares of Greene King plc from GBX 940 ($15.60) to GBX 890 ($14.77) in a research note on Thursday, July 17th. They now have a “neutral” rating on the stock. Four analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The company has an average rating of “Buy” and an average price target of GBX 929.64 ($15.43).
Greene King plc (LON:GNK) traded down 0.06% on Tuesday, hitting GBX 824.00. The stock had a trading volume of 310,469 shares. Greene King plc has a 52 week low of GBX 763.00 and a 52 week high of GBX 933.50. The stock’s 50-day moving average is GBX 816.8 and its 200-day moving average is GBX 859.. The company’s market cap is £1.795 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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