Greene King’s (GNK) “Add” Rating Reiterated at Peel Hunt

Greene King (LON:GNK)‘s stock had its “add” rating reissued by Peel Hunt in a research report issued on Friday. They presently have a GBX 600 ($8.14) price objective on the stock. Peel Hunt’s price objective would indicate a potential upside of 15.07% from the stock’s current price.

A number of other research analysts also recently commented on the stock. HSBC lowered their price objective on shares of Greene King from GBX 510 ($6.92) to GBX 485 ($6.58) and set a “reduce” rating on the stock in a research report on Wednesday, December 6th. Investec lowered their price objective on shares of Greene King from GBX 667 ($9.05) to GBX 530 ($7.19) and set a “hold” rating on the stock in a research report on Friday, November 17th. JPMorgan Chase & Co. downgraded shares of Greene King to an “underweight” rating and lowered their price objective for the company from GBX 650 ($8.81) to GBX 500 ($6.78) in a research report on Tuesday, January 2nd. Barclays reaffirmed an “overweight” rating and set a GBX 635 ($8.61) price objective on shares of Greene King in a research report on Wednesday, November 29th. Finally, Deutsche Bank reaffirmed a “buy” rating and set a GBX 740 ($10.04) price objective on shares of Greene King in a research report on Monday, November 13th. Five equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of GBX 568.64 ($7.71).

Shares of Greene King (LON:GNK) traded down GBX 2.60 ($0.04) on Friday, reaching GBX 521.40 ($7.07). 1,298,894 shares of the company were exchanged, compared to its average volume of 1,290,000. Greene King has a 52-week low of GBX 490.08 ($6.65) and a 52-week high of GBX 768 ($10.41). The stock has a market capitalization of $1,620.00 and a P/E ratio of 931.07.

Greene King (LON:GNK) last announced its quarterly earnings data on Thursday, November 30th. The company reported GBX 33 ($0.45) EPS for the quarter, missing the Zacks’ consensus estimate of GBX 34 ($0.46) by GBX (1) (($0.01)). Greene King had a net margin of 9.38% and a return on equity of 10.64%. The company had revenue of GBX 103.14 billion for the quarter.

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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.

Analyst Recommendations for Greene King (LON:GNK)

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