Greene King plc (GNK) Given Add Rating at Peel Hunt
Greene King plc (LON:GNK)‘s stock had its “add” rating restated by equities research analysts at Peel Hunt in a report released on Friday. They currently have a GBX 750 ($9.69) price target on the stock. Peel Hunt’s price objective indicates a potential upside of 35.01% from the stock’s previous close.
Several other analysts have also recently weighed in on GNK. Shore Capital reissued a “buy” rating on shares of Greene King plc in a report on Friday. Numis Securities Ltd reissued a “hold” rating and set a GBX 670 ($8.65) price target on shares of Greene King plc in a report on Thursday, June 29th. Liberum Capital reissued a “buy” rating and set a GBX 780 ($10.07) price target on shares of Greene King plc in a report on Wednesday. N+1 Singer reissued a “hold” rating on shares of Greene King plc in a report on Thursday, June 29th. Finally, Barclays PLC lifted their price target on Greene King plc from GBX 770 ($9.94) to GBX 780 ($10.07) and gave the stock an “overweight” rating in a report on Friday, June 30th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and seven have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of GBX 772.25 ($9.97).
Shares of Greene King plc (LON GNK) traded down 15.71% on Friday, reaching GBX 555.50. The company’s stock had a trading volume of 5,181,063 shares. Greene King plc has a 1-year low of GBX 553.00 and a 1-year high of GBX 825.00. The firm’s market cap is GBX 1.72 billion. The company’s 50 day moving average is GBX 668.80 and its 200-day moving average is GBX 697.20.
Greene King plc (LON:GNK) last released its quarterly earnings data on Thursday, June 29th. The company reported $0.71 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.71. Greene King plc had a return on equity of 7.76% and a net margin of 6.65%. Equities research analysts expect that Greene King plc will post $70.21 EPS for the current year.
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In other Greene King plc news, insider Rooney Anand sold 6,293 shares of the firm’s stock in a transaction on Wednesday, August 2nd. The stock was sold at an average price of GBX 693 ($8.95), for a total transaction of £43,610.49 ($56,322.47). Also, insider Gordon Fryett acquired 2,000 shares of the stock in a transaction on Monday, August 21st. The shares were bought at an average price of GBX 659 ($8.51) per share, for a total transaction of £13,180 ($17,021.83).
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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