Brokerages Set Greene King plc (GNK) Target Price at $813.50
Greene King plc (LON:GNK) has earned an average recommendation of “Buy” from the fourteen analysts that are currently covering the stock, MarketBeat reports. Six investment analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average 1-year price target among brokerages that have covered the stock in the last year is GBX 813.50 ($10.59).
A number of analysts have recently issued reports on the company. N+1 Singer reaffirmed a “hold” rating on shares of Greene King plc in a research report on Thursday, June 29th. J P Morgan Chase & Co lowered Greene King plc to a “neutral” rating and dropped their target price for the stock from GBX 810 ($10.55) to GBX 750 ($9.77) in a research report on Friday, June 30th. Canaccord Genuity reaffirmed a “buy” rating and set a GBX 850 ($11.07) target price on shares of Greene King plc in a research report on Friday, June 30th. Liberum Capital assumed coverage on Greene King plc in a research report on Wednesday, July 5th. They set a “buy” rating and a GBX 840 ($10.94) target price on the stock. Finally, Beaufort Securities reiterated a “buy” rating on shares of Greene King plc in a research note on Friday, June 30th.
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In other news, insider Rooney Anand sold 6,293 shares of Greene King plc stock in a transaction that occurred on Wednesday, August 2nd. The stock was sold at an average price of GBX 693 ($9.02), for a total transaction of £43,610.49 ($56,791.89).
Greene King plc (LON GNK) traded down 0.79% on Friday, reaching GBX 694.00. The company had a trading volume of 655,571 shares. The firm has a 50-day moving average of GBX 680.69 and a 200-day moving average of GBX 701.25. The stock’s market capitalization is GBX 2.15 billion. Greene King plc has a 12 month low of GBX 642.00 and a 12 month high of GBX 847.00.
The firm also recently declared a dividend, which will be paid on Friday, September 15th. Stockholders of record on Thursday, August 10th will be issued a dividend of GBX 24.40 ($0.32) per share. This represents a dividend yield of 3.54%. The ex-dividend date is Thursday, August 10th. This is a boost from Greene King plc’s previous dividend of $8.80.
About Greene King plc
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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