Greene King plc (GNK) Rating Reiterated by Canaccord Genuity
Greene King plc (LON:GNK)‘s stock had its “buy” rating restated by investment analysts at Canaccord Genuity in a report released on Wednesday. They presently have a GBX 990 ($12.28) target price on the stock. Canaccord Genuity’s price target would indicate a potential upside of 39.14% from the stock’s current price.
Several other research analysts have also weighed in on GNK. JPMorgan Chase & Co. reissued an “overweight” rating on shares of Greene King plc in a research report on Monday, August 22nd. Panmure Gordon reissued a “buy” rating and issued a GBX 1,090 ($13.52) price objective on shares of Greene King plc in a research report on Friday, September 9th. N+1 Singer reissued a “buy” rating and issued a GBX 1,030 ($12.78) price objective on shares of Greene King plc in a research report on Friday, September 9th. Barclays PLC reissued an “overweight” rating and issued a GBX 990 ($12.28) price objective on shares of Greene King plc in a research report on Monday, September 12th. Finally, Deutsche Bank AG restated a “buy” rating and issued a GBX 950 ($11.79) target price on shares of Greene King plc in a research note on Monday, September 12th. Seven analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Greene King plc currently has a consensus rating of “Buy” and a consensus target price of GBX 954.47 ($11.84).
Shares of Greene King plc (LON:GNK) opened at 695.00 on Wednesday. The company’s 50-day moving average price is GBX 736.19 and its 200 day moving average price is GBX 794.58. Greene King plc has a 12-month low of GBX 685.00 and a 12-month high of GBX 985.00. The company’s market cap is GBX 2.15 billion.
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Greene King plc Company Profile
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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