Gordon Fryett Acquires 2,000 Shares of Greene King plc (GNK) Stock
Greene King plc (LON:GNK) insider Gordon Fryett purchased 2,000 shares of the stock in a transaction that occurred on Monday, August 21st. The stock was bought at an average cost of GBX 659 ($8.56) per share, with a total value of £13,180 ($17,110.22).
Shares of Greene King plc (LON:GNK) traded up 0.30% during trading on Monday, hitting GBX 660.00. 356,165 shares of the stock were exchanged. The stock’s market cap is GBX 2.04 billion. Greene King plc has a 52 week low of GBX 642.00 and a 52 week high of GBX 847.00. The firm’s 50 day moving average price is GBX 671.70 and its 200-day moving average price is GBX 699.57.
The company also recently announced a dividend, which will be paid on Friday, September 15th. Stockholders of record on Thursday, August 10th will be issued a GBX 24.40 ($0.32) dividend. The ex-dividend date is Thursday, August 10th. This represents a dividend yield of 3.54%. This is an increase from Greene King plc’s previous dividend of $8.80.
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A number of equities analysts have issued reports on GNK shares. Numis Securities Ltd cut shares of Greene King plc to a “hold” rating and set a GBX 790 ($10.26) price objective on the stock. in a research note on Monday, May 8th. Deutsche Bank AG reaffirmed a “buy” rating and issued a GBX 875 ($11.36) price objective on shares of Greene King plc in a research note on Tuesday, June 20th. Shore Capital reaffirmed a “buy” rating on shares of Greene King plc in a research note on Thursday, June 29th. Peel Hunt started coverage on shares of Greene King plc in a research note on Thursday, August 3rd. They issued an “add” rating and a GBX 750 ($9.74) price objective on the stock. Finally, Barclays PLC raised their price objective on shares of Greene King plc from GBX 770 ($10.00) to GBX 780 ($10.13) and gave the company an “overweight” rating in a research note on Friday, June 30th. Six equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of GBX 806.82 ($10.47).
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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