Greene King plc (GNK) Receives Average Recommendation of “Hold” from Brokerages
Shares of Greene King plc (LON:GNK) have received a consensus rating of “Hold” from the fifteen brokerages that are covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and six have assigned a buy rating to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is GBX 723.20 ($9.61).
A number of analysts have recently issued reports on GNK shares. Deutsche Bank AG reissued a “buy” rating and issued a GBX 875 ($11.63) price objective on shares of Greene King plc in a research note on Tuesday, June 20th. Shore Capital reissued a “buy” rating on shares of Greene King plc in a research note on Thursday, June 29th. N+1 Singer reissued a “hold” rating on shares of Greene King plc in a research note on Thursday, June 29th. Numis Securities Ltd reaffirmed a “hold” rating and set a GBX 670 ($8.90) target price on shares of Greene King plc in a research note on Thursday, June 29th. Finally, J P Morgan Chase & Co cut shares of Greene King plc to a “neutral” rating and cut their target price for the company from GBX 810 ($10.76) to GBX 750 ($9.97) in a research note on Friday, June 30th.
Greene King plc (LON GNK) opened at 543.399 on Wednesday. The stock’s 50 day moving average is GBX 577.29 and its 200-day moving average is GBX 672.88. Greene King plc has a 52-week low of GBX 518.00 and a 52-week high of GBX 773.78. The stock’s market capitalization is GBX 1.68 billion.
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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 on Monday, August 21st. The stock was acquired at an average cost of GBX 659 ($8.76) per share, with a total value of £13,180 ($17,512.62). Also, insider Rooney Anand sold 6,293 shares of Greene King plc stock in a transaction on Wednesday, August 2nd. The stock was sold at an average price of GBX 693 ($9.21), for a total transaction of £43,610.49 ($57,946.44).
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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