Greene King plc (GNK) Downgraded by N+1 Singer to “Hold”
Greene King plc (LON:GNK) was downgraded by investment analysts at N+1 Singer to a “hold” rating in a note issued to investors on Friday. They presently have a GBX 800 ($10.44) target price on the stock, down from their prior target price of GBX 900 ($11.75). N+1 Singer’s price objective would suggest a potential upside of 3.63% from the stock’s current price.
Several other brokerages have also recently issued reports on GNK. Barclays PLC reissued an “overweight” rating and issued a GBX 990 ($12.92) price objective on shares of Greene King plc in a research note on Thursday, June 30th. Canaccord Genuity dropped their price objective on shares of Greene King plc from GBX 1,100 ($14.36) to GBX 990 ($12.92) and set a “buy” rating on the stock in a research note on Friday, July 8th. HSBC dropped their price objective on shares of Greene King plc from GBX 870 ($11.36) to GBX 830 ($10.83) and set a “hold” rating on the stock in a research note on Monday, August 1st. Deutsche Bank AG reissued a “buy” rating and issued a GBX 1,175 ($15.34) price objective on shares of Greene King plc in a research note on Wednesday, June 29th. Finally, Shore Capital reissued a “buy” rating on shares of Greene King plc in a research note on Wednesday, June 29th. Six analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of GBX 980 ($12.79).
Greene King plc (LON:GNK) opened at 748.32 on Friday. Greene King plc has a 1-year low of GBX 719.49 and a 1-year high of GBX 985.00. The stock has a 50 day moving average of GBX 798.10 and a 200 day moving average of GBX 825.03. The stock’s market capitalization is GBX 2.31 billion.
About Greene King plc
Greene King plc is a United Kingdom-based pub and brewing company. The Company is engaged in operating over 3,000 managed, tenanted, leased and franchised pubs, restaurants and hotels, and brewing ales. The Company operates through three segments: Retail, which is engaged in the operation of managed pubs and restaurants; Pub Partners, which is engaged in the operation of tenanted and leased pubs, and Brewing & Brands, which is involved in brewing, marketing and selling beer.
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