Insider Buying: Greene King plc (GNK) Insider Acquires 10,000 Shares of Stock

Greene King plc (LON:GNK) insider Rooney Anand bought 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 7th. The stock was purchased at an average price of GBX 503 ($7.05) per share, with a total value of £50,300 ($70,527.20).

Shares of Greene King plc (LON GNK) opened at GBX 496.80 ($6.97) on Wednesday. Greene King plc has a 12-month low of GBX 490.08 ($6.87) and a 12-month high of GBX 768 ($10.77). The firm has a market capitalization of $1,540.00 and a P/E ratio of 887.14.

Greene King (LON:GNK) last posted its earnings results on Thursday, November 30th. The company reported GBX 33 ($0.46) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of GBX 34 ($0.48) by GBX (1) (($0.01)). Greene King had a net margin of 9.38% and a return on equity of 10.64%. The business had revenue of GBX 103.14 billion for the quarter.

The firm also recently announced a dividend, which was paid on Friday, January 19th. Stockholders of record on Thursday, December 7th were paid a dividend of GBX 8.80 ($0.12) per share. The ex-dividend date was Thursday, December 7th. This represents a dividend yield of 1.69%.

A number of analysts recently weighed in on GNK shares. Investec dropped their target price on Greene King from GBX 667 ($9.35) to GBX 530 ($7.43) and set a “hold” rating for the company in a research report on Friday, November 17th. Peel Hunt restated an “add” rating and issued a GBX 600 ($8.41) target price on shares of Greene King in a research report on Thursday, January 25th. Shore Capital restated a “buy” rating on shares of Greene King in a research report on Thursday, January 25th. HSBC dropped their target price on Greene King from GBX 510 ($7.15) to GBX 485 ($6.80) and set a “reduce” rating for the company in a research report on Wednesday, December 6th. Finally, Liberum Capital reiterated a “buy” rating and issued a GBX 690 ($9.67) price objective on shares of Greene King in a research report on Thursday, January 25th. Five research analysts have rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of GBX 568.64 ($7.97).

COPYRIGHT VIOLATION NOTICE: “Insider Buying: Greene King plc (GNK) Insider Acquires 10,000 Shares of Stock” was originally reported by American Banking News and is the property of of American Banking News. If you are viewing this article on another publication, it was copied illegally and republished in violation of U.S. and international copyright and trademark legislation. The legal version of this article can be viewed at https://www.americanbankingnews.com/2018/02/07/insider-buying-greene-king-plc-gnk-insider-acquires-10000-shares-of-stock.html.

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.

Receive News & Ratings for Greene King Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Greene King and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply