Greene King plc’s (GNK) “Buy” Rating Reiterated at Shore Capital
Greene King plc (LON:GNK)‘s stock had its “buy” rating restated by research analysts at Shore Capital in a research report issued on Friday.
A number of other research firms have also recently commented on GNK. Beaufort Securities reissued a “buy” rating on shares of Greene King plc in a research note on Friday, June 30th. N+1 Singer reissued a “hold” rating on shares of Greene King plc in a research note on Thursday, June 29th. HSBC Holdings plc cut Greene King plc to a “reduce” rating and reduced their target price for the company from GBX 680 ($8.78) to GBX 595 ($7.68) in a research note on Friday, September 1st. Deutsche Bank AG reissued a “buy” rating and issued a GBX 875 ($11.30) target price on shares of Greene King plc in a research note on Tuesday, June 20th. Finally, Barclays PLC increased their target price on Greene King plc from GBX 770 ($9.94) to GBX 780 ($10.07) and gave the company an “overweight” rating in a research note on Friday, June 30th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and seven have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of GBX 772.25 ($9.97).
Shares of Greene King plc (GNK) traded down 15.71% during midday trading on Friday, reaching GBX 555.50. The company had a trading volume of 5,181,063 shares. The company has a 50 day moving average of GBX 668.80 and a 200 day moving average of GBX 697.20. The company’s market capitalization is GBX 1.72 billion. Greene King plc has a one year low of GBX 553.00 and a one year high of GBX 825.00.
Greene King plc (LON:GNK) last released its earnings results on Thursday, June 29th. The company reported $0.71 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%. Analysts predict that Greene King plc will post $70.21 EPS for the current fiscal year.
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In related news, insider Gordon Fryett acquired 2,000 shares of Greene King plc stock in a transaction dated Monday, August 21st. The shares were purchased at an average cost 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 the firm’s stock in a transaction dated 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).
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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