Greene King plc (LON:GNK) Given Consensus Recommendation of “Buy” by Brokerages
Greene King plc (LON:GNK) has been given a consensus recommendation of “Buy” by the fourteen ratings firms that are currently covering the company, Marketbeat reports. Six investment analysts have rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is GBX 821.50 ($10.64).
Several research firms have commented on GNK. Canaccord Genuity restated a “buy” rating and issued a GBX 850 ($11.01) price objective on shares of Greene King plc in a research report on Friday, June 30th. Liberum Capital assumed coverage on Greene King plc in a research report on Wednesday, July 5th. They set a “buy” rating and a GBX 840 ($10.88) target price on the stock. J P Morgan Chase & Co lowered Greene King plc to a “neutral” rating and decreased their target price for the company from GBX 810 ($10.49) to GBX 750 ($9.72) in a research report on Friday, June 30th. Numis Securities Ltd lowered Greene King plc to a “hold” rating and set a GBX 790 ($10.23) target price on the stock. in a research report on Monday, May 8th. Finally, Barclays PLC reiterated an “overweight” rating on shares of Greene King plc in a research report on Tuesday, March 14th.
Greene King plc (LON:GNK) opened at 659.50 on Monday. The stock’s market cap is GBX 2.04 billion. The company has a 50 day moving average of GBX 724.85 and a 200-day moving average of GBX 706.35. Greene King plc has a 12-month low of GBX 642.00 and a 12-month high of GBX 847.00.
The firm also recently disclosed a dividend, which will be paid on Friday, September 15th. Investors of record on Thursday, August 10th will be given a dividend of GBX 24.40 ($0.32) per share. This represents a dividend yield of 3.54%. This is an increase from Greene King plc’s previous dividend of $8.80. The ex-dividend date of this dividend is Thursday, August 10th.
Greene King plc Company Profile
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.
Receive News & Ratings for Greene King plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Greene King plc and related companies with MarketBeat.com's FREE daily email newsletter.