Greene King (GNK) Rating Reiterated by Liberum Capital

Greene King (LON:GNK)‘s stock had its “buy” rating reaffirmed by analysts at Liberum Capital in a report issued on Thursday. They presently have a GBX 720 ($9.64) price target on the stock. Liberum Capital’s price objective would suggest a potential upside of 37.26% from the company’s previous close.

Several other equities analysts also recently commented on GNK. Shore Capital reaffirmed a “buy” rating on shares of Greene King in a research note on Thursday. Peel Hunt lowered their price objective on shares of Greene King from GBX 625 ($8.37) to GBX 600 ($8.04) and set an “add” rating for the company in a research note on Thursday. Numis Securities reaffirmed a “hold” rating and set a GBX 595 ($7.97) price objective on shares of Greene King in a research note on Thursday. Barclays reaffirmed an “overweight” rating and set a GBX 635 ($8.50) price objective on shares of Greene King in a research note on Wednesday. Finally, Investec lowered their price objective on shares of Greene King from GBX 667 ($8.93) to GBX 530 ($7.10) and set a “hold” rating for the company in a research note on Friday, November 17th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and six have assigned a buy rating to the stock. Greene King presently has a consensus rating of “Hold” and an average target price of GBX 698.33 ($9.35).

Greene King (LON GNK) traded down GBX 15.46 ($0.21) during trading on Thursday, reaching GBX 524.54 ($7.02). 5,780,000 shares of the company’s stock traded hands, compared to its average volume of 1,340,000. Greene King has a 1-year low of GBX 490.08 ($6.56) and a 1-year high of GBX 768 ($10.29).

Greene King (LON:GNK) last posted its quarterly earnings results on Thursday, November 30th. The company reported GBX 33 ($0.44) earnings per share for the quarter, missing the consensus estimate of GBX 34 ($0.46) by GBX (1) (($0.01)). The business had revenue of GBX 103.14 billion during the quarter. Greene King had a return on equity of 7.76% and a net margin of 6.65%.

ILLEGAL ACTIVITY NOTICE: This news story was reported by American Banking News and is owned by of American Banking News. If you are viewing this news story on another domain, it was copied illegally and republished in violation of international copyright and trademark legislation. The legal version of this news story can be read at https://www.americanbankingnews.com/2017/11/30/greene-king-gnk-rating-reiterated-by-liberum-capital.html.

Greene King 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.

Analyst Recommendations for Greene King (LON:GNK)

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.

Leave a Reply