Greene King (LON:GNK)‘s stock had its “add” rating restated by research analysts at Peel Hunt in a report released on Thursday. They currently have a GBX 600 ($8.14) price target on the stock. Peel Hunt’s price objective would indicate a potential upside of 12.44% from the stock’s current price.
GNK has been the subject of several other reports. Shore Capital reiterated a “buy” rating on shares of Greene King in a research report on Thursday, November 30th. Canaccord Genuity cut their target price on shares of Greene King from GBX 550 ($7.46) to GBX 520 ($7.05) and set a “hold” rating for the company in a research report on Friday, December 1st. Deutsche Bank cut their target price on shares of Greene King from GBX 830 ($11.26) to GBX 740 ($10.04) and set a “buy” rating for the company in a research report on Wednesday, October 18th. Berenberg Bank reiterated a “sell” rating and issued a GBX 450 ($6.10) target price on shares of Greene King in a research report on Monday, January 8th. Finally, Liberum Capital cut their target price on shares of Greene King from GBX 720 ($9.76) to GBX 690 ($9.36) and set a “buy” rating for the company in a research report on Monday, January 15th. Five equities research analysts have rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of GBX 568.64 ($7.71).
Shares of Greene King (LON GNK) traded down GBX 3.80 ($0.05) during trading hours on Thursday, reaching GBX 533.60 ($7.24). 1,205,045 shares of the company traded hands, compared to its average volume of 1,240,000. Greene King has a one year low of GBX 490.08 ($6.65) and a one year high of GBX 768 ($10.41). The stock has a market capitalization of $1,650.00 and a price-to-earnings ratio of 952.86.
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About Greene King
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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