Greene King plc’s (LON:GNK) Buy Rating Reaffirmed at Liberum Capital
Greene King plc (LON:GNK)‘s stock had its “buy” rating reaffirmed by Liberum Capital in a report issued on Friday. They currently have a GBX 780 ($10.16) price target on the stock. Liberum Capital’s price objective would suggest a potential upside of 19.08% from the company’s current price.
A number of other research firms also recently commented on GNK. Beaufort Securities restated a “buy” rating on shares of Greene King plc in a research report on Friday, June 30th. N+1 Singer restated a “hold” rating on shares of Greene King plc in a research report on Thursday, June 29th. Deutsche Bank AG restated a “buy” rating and set a GBX 875 ($11.39) price target on shares of Greene King plc in a research report on Tuesday, June 20th. Barclays PLC boosted their price target on shares of Greene King plc from GBX 770 ($10.03) to GBX 780 ($10.16) and gave the stock an “overweight” rating in a research report on Friday, June 30th. Finally, Numis Securities Ltd restated a “hold” rating and set a GBX 670 ($8.73) price target on shares of Greene King plc in a research report on Thursday, June 29th. Six equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The company has an average rating of “Buy” and an average target price of GBX 806.82 ($10.51).
Shares of Greene King plc (LON GNK) traded down 1.21% on Friday, reaching GBX 655.00. 1,212,724 shares of the company’s stock were exchanged. The company’s market capitalization is GBX 2.03 billion. Greene King plc has a 1-year low of GBX 642.00 and a 1-year high of GBX 847.00. The stock’s 50-day moving average price is GBX 676.08 and its 200-day moving average price is GBX 700.49.
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In related news, insider Rooney Anand sold 6,293 shares of the business’s stock in a transaction that occurred on Wednesday, August 2nd. The shares were sold at an average price of GBX 693 ($9.02), for a total value of £43,610.49 ($56,791.89).
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.
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