Greene King plc’s (GNK) “Buy” Rating Reiterated at Liberum Capital
Greene King plc (LON:GNK)‘s stock had its “buy” rating reissued by Liberum Capital in a research report issued on Wednesday. They presently have a GBX 780 ($10.07) price objective on the stock. Liberum Capital’s target price points to a potential upside of 40.41% from the stock’s previous close.
A number of other research analysts have also weighed in on the stock. HSBC Holdings plc downgraded shares of Greene King plc to a “reduce” rating and cut their price objective for the company from GBX 680 ($8.78) to GBX 595 ($7.68) in a report on Friday, September 1st. J P Morgan Chase & Co downgraded shares of Greene King plc to a “neutral” rating and cut their price objective for the company from GBX 810 ($10.46) to GBX 750 ($9.69) in a report on Friday, June 30th. Deutsche Bank AG reiterated a “buy” rating and issued a GBX 875 ($11.30) price objective on shares of Greene King plc in a report on Tuesday, June 20th. Canaccord Genuity reiterated a “buy” rating and issued a GBX 850 ($10.98) price objective on shares of Greene King plc in a report on Friday, June 30th. Finally, Peel Hunt started coverage on shares of Greene King plc in a report on Thursday, August 3rd. They issued an “add” rating and a GBX 750 ($9.69) price objective for the company. One analyst has rated the stock with a sell rating, seven have issued a hold rating and seven have given a buy rating to the company. Greene King plc has a consensus rating of “Hold” and an average target price of GBX 772.25 ($9.97).
Shares of Greene King plc (LON GNK) traded down 15.71% during trading on Wednesday, hitting GBX 555.50. The stock had a trading volume of 5,181,063 shares. The company’s market capitalization is GBX 1.72 billion. The firm has a 50-day moving average price of GBX 668.80 and a 200 day moving average price of GBX 697.20. Greene King plc has a 52 week low of GBX 553.00 and a 52 week high of GBX 847.00.
Greene King plc (LON:GNK) last posted its earnings results on Thursday, June 29th. The company reported $0.71 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.71. Greene King plc had a net margin of 6.65% and a return on equity of 7.76%. Equities analysts anticipate that Greene King plc will post $70.21 earnings per share for the current year.
In other Greene King plc news, insider Gordon Fryett purchased 2,000 shares of the firm’s stock in a transaction 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 the firm’s stock in a transaction that occurred on Wednesday, August 2nd. The shares were sold at an average price of GBX 693 ($8.95), for a total transaction 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.
Receive News & Ratings for Greene King plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Greene King plc and related companies with MarketBeat.com's FREE daily email newsletter.