Greene King plc Lowered to Add at Numis Securities Ltd (GNK)
Greene King plc (LON:GNK) was downgraded by Numis Securities Ltd to an “add” rating in a research note issued on Thursday. They currently have a GBX 975 ($15.82) price objective on the stock. Numis Securities Ltd’s price objective would indicate a potential upside of 17.26% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Analysts at Deutsche Bank reiterated a “buy” rating on shares of Greene King plc in a research note on Tuesday, September 2nd. They now have a GBX 1,005 ($16.30) 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 ($16.22) price target on the stock. Finally, analysts at JPMorgan Chase & Co. cut their price target on shares of Greene King plc from GBX 940 ($15.25) to GBX 890 ($14.44) in a research note on Thursday, July 17th. They now have a “neutral” rating on the stock. Four equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of GBX 930.22 ($15.09).
Shares of Greene King plc (LON:GNK) opened at 810.9999 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 817. and a 200-day moving average of GBX 858.1. The company’s market cap is £1.767 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.