Greene King plc (LON:GNK) Research Coverage Started at Peel Hunt
Peel Hunt started coverage on shares of Greene King plc (LON:GNK) in a research report sent to investors on Thursday morning. The brokerage issued an add rating and a GBX 750 ($9.89) price target on the stock.
A number of other brokerages also recently issued reports on GNK. Beaufort Securities reiterated a buy rating on shares of Greene King plc in a research note on Friday, June 30th. N+1 Singer restated a hold rating on shares of Greene King plc in a research note on Thursday, June 29th. Deutsche Bank AG restated a buy rating and issued a GBX 875 ($11.54) price target on shares of Greene King plc in a research note on Tuesday, June 20th. Barclays PLC raised their price target on shares of Greene King plc from GBX 770 ($10.16) to GBX 780 ($10.29) and gave the company an overweight rating in a research note on Friday, June 30th. Finally, Numis Securities Ltd restated a hold rating and issued a GBX 670 ($8.84) price target on shares of Greene King plc in a research note on Thursday, June 29th. Six equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The stock has an average rating of Buy and a consensus price target of GBX 812.27 ($10.71).
Greene King plc (LON GNK) opened at 699.50 on Thursday. The company’s market capitalization is GBX 2.17 billion. Greene King plc has a 52 week low of GBX 642.00 and a 52 week high of GBX 847.00. The firm has a 50 day moving average of GBX 683.76 and a 200-day moving average of GBX 701.47.
The business also recently declared a dividend, which will be paid on Friday, September 15th. Stockholders of record on Thursday, August 10th will be paid a GBX 24.40 ($0.32) dividend. This is an increase from Greene King plc’s previous dividend of $8.80. This represents a dividend yield of 3.54%. The ex-dividend date is Thursday, August 10th.
In other news, insider Rooney Anand sold 6,293 shares of the firm’s stock in a transaction that occurred on Wednesday, August 2nd. The shares were sold at an average price of GBX 693 ($9.14), for a total value of £43,610.49 ($57,526.04).
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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