Greene King (GNK) PT Lowered to GBX 520 at Canaccord Genuity
Greene King (LON:GNK) had its price objective dropped by investment analysts at Canaccord Genuity from GBX 550 ($7.37) to GBX 520 ($6.96) in a research note issued to investors on Friday. The brokerage currently has a “hold” rating on the stock. Canaccord Genuity’s price objective suggests a potential downside of 0.10% from the company’s previous close.
Several other brokerages have also commented on GNK. Peel Hunt assumed coverage on Greene King in a research report on Thursday, August 3rd. They issued an “add” rating and a GBX 750 ($10.04) target price for the company. Liberum Capital reiterated a “buy” rating and issued a GBX 780 ($10.45) target price on shares of Greene King in a research report on Wednesday, September 6th. Investec decreased their target price on Greene King from GBX 850 ($11.38) to GBX 667 ($8.93) and set a “hold” rating for the company in a research report on Friday, September 8th. Shore Capital reiterated a “buy” rating on shares of Greene King in a research report on Friday, September 8th. Finally, decreased their target price on Greene King from GBX 595 ($7.97) to GBX 510 ($6.83) and set a “reduce” rating for the company in a research report on Wednesday, September 27th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and four have given a buy rating to the company’s stock. Greene King presently has an average rating of “Hold” and a consensus price target of GBX 620 ($8.30).
Greene King (LON GNK) traded up GBX 0.50 ($0.01) during trading on Friday, hitting GBX 520.50 ($6.97). The stock had a trading volume of 3,040,330 shares, compared to its average volume of 1,340,000. Greene King has a 52 week low of GBX 490.08 ($6.56) and a 52 week high of GBX 768 ($10.29).
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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.
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