Greene King plc (GNK) Price Target Lowered to GBX 667 at Investec
Greene King plc (LON:GNK) had its price target decreased by analysts at Investec from GBX 850 ($10.98) to GBX 667 ($8.61) in a research note issued on Friday. The brokerage presently has a “hold” rating on the stock. Investec’s price objective suggests a potential upside of 1.21% from the stock’s previous close.
A number of other equities research analysts have also commented on GNK. Deutsche Bank AG reiterated a “buy” rating and issued a GBX 875 ($11.30) price target on shares of Greene King plc in a research report on Tuesday, June 20th. Shore Capital restated a “buy” rating on shares of Greene King plc in a research report on Thursday, June 29th. N+1 Singer restated a “hold” rating on shares of Greene King plc in a research report on Thursday, June 29th. Numis Securities Ltd restated a “hold” rating and set a GBX 670 ($8.65) target price on shares of Greene King plc in a research report on Thursday, June 29th. Finally, J P Morgan Chase & Co lowered Greene King plc to a “neutral” rating and cut their target price for the company from GBX 810 ($10.46) to GBX 750 ($9.69) in a research report on Friday, June 30th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and seven have given a buy rating to the stock. Greene King plc has an average rating of “Hold” and a consensus target price of GBX 772.25 ($9.97).
Shares of Greene King plc (LON:GNK) traded down 15.71% during trading on Friday, reaching GBX 555.50. The company’s stock had a trading volume of 5,181,063 shares. The firm’s market cap is GBX 1.72 billion. Greene King plc has a 12 month low of GBX 553.00 and a 12 month high of GBX 825.00. The company’s 50 day moving average price is GBX 668.80 and its 200 day moving average price is GBX 697.20.
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In other Greene King plc news, insider Gordon Fryett acquired 2,000 shares of the company’s stock in a transaction that occurred on Monday, August 21st. The stock was bought at an average price of GBX 659 ($8.51) per share, with a total value of £13,180 ($17,021.83). Also, insider Rooney Anand sold 6,293 shares of Greene King plc stock in a transaction on Wednesday, August 2nd. The shares were sold at an average price of GBX 693 ($8.95), for a total value of £43,610.49 ($56,322.47).
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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