Greene King plc’s (GNK) Buy Rating Reiterated at Shore Capital
A number of other research firms also recently weighed in on GNK. Goodbody reaffirmed a hold rating on shares of Greene King plc in a research note on Wednesday, November 30th. J P Morgan Chase & Co dropped their price target on Greene King plc from GBX 950 ($11.87) to GBX 830 ($10.37) and set an overweight rating on the stock in a research note on Thursday, December 1st. Panmure Gordon reaffirmed a buy rating and set a GBX 1,050 ($13.12) price target on shares of Greene King plc in a research note on Wednesday, November 30th. Deutsche Bank AG reaffirmed a buy rating and set a GBX 950 ($11.87) price target on shares of Greene King plc in a research note on Thursday, December 8th. Finally, Investec reaffirmed a buy rating and set a GBX 870 ($10.87) price target on shares of Greene King plc in a research note on Tuesday, February 7th. Four investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The stock presently has a consensus rating of Buy and an average price target of GBX 876 ($10.95).
Greene King plc (LON:GNK) remained flat at GBX 664.00 during mid-day trading on Friday. 2,193,748 shares of the company’s stock were exchanged. The company’s 50-day moving average price is GBX 694.23 and its 200-day moving average price is GBX 739.91. Greene King plc has a 52-week low of GBX 646.50 and a 52-week high of GBX 914.00. The stock’s market cap is GBX 2.05 billion.
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The business also recently disclosed a dividend, which was paid on Friday, January 20th. Stockholders of record on Thursday, December 15th were paid a GBX 8.80 ($0.11) dividend. This represents a dividend yield of 1.28%. The ex-dividend date of this dividend was Thursday, December 15th.
In other news, insider Rooney Anand sold 63,364 shares of the stock in a transaction that occurred on Friday, December 9th. The stock was sold at an average price of GBX 686 ($8.57), for a total value of £434,677.04 ($543,210.50).
Greene King plc 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.
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