Greene King plc (GNK) Receives Average Recommendation of “Buy” from Analysts
Shares of Greene King plc (LON:GNK) have received an average recommendation of “Buy” from the thirteen analysts that are presently covering the firm, Marketbeat reports. Five investment analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is GBX 841.67 ($10.65).
Several equities analysts have recently weighed in on the company. J P Morgan Chase & Co decreased their target price on Greene King plc from GBX 830 ($10.50) to GBX 810 ($10.25) and set an “overweight” rating on the stock in a research report on Monday, February 13th. Numis Securities Ltd downgraded Greene King plc to a “hold” rating and set a GBX 790 ($9.99) target price on the stock. in a research report on Monday, May 8th. Barclays PLC restated an “overweight” rating on shares of Greene King plc in a research report on Tuesday, March 14th. Shore Capital restated a “buy” rating on shares of Greene King plc in a research report on Thursday, February 16th. Finally, Berenberg Bank assumed coverage on Greene King plc in a research report on Tuesday, March 7th. They issued a “hold” rating and a GBX 700 ($8.86) target price on the stock.
Shares of Greene King plc (LON:GNK) opened at 714.50 on Tuesday. The firm has a 50-day moving average price of GBX 740.47 and a 200-day moving average price of GBX 704.77. The company’s market cap is GBX 2.21 billion. Greene King plc has a 1-year low of GBX 646.50 and a 1-year high of GBX 910.00.
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About Greene King plc
Greene King plc is an integrated pub retailer and brewer. The Company operates approximately 3,040 managed, tenanted, leased and franchised pubs, restaurants and hotels, including brands, such as Hungry Horse, Chef & Brewer, Flaming Grill, Farmhouse Inns and its Greene King locals estate. The Company’s segments include Pub Company, Pub Partners, and Brewing & Brands.
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