Greene King plc (GNK) Earns Overweight Rating from Barclays PLC
Several other analysts have also weighed in on the company. HSBC Holdings plc lowered Greene King plc to a reduce rating and decreased their price objective for the stock from GBX 680 ($8.78) to GBX 595 ($7.68) in a report on Friday, September 1st. J P Morgan Chase & Co lowered Greene King plc to a neutral rating and decreased their price objective for the stock from GBX 810 ($10.46) to GBX 750 ($9.69) in a report on Friday, June 30th. Liberum Capital initiated coverage on Greene King plc in a report on Wednesday, July 5th. They set a buy rating and a GBX 840 ($10.85) price objective on the stock. Deutsche Bank AG reissued a buy rating and set a GBX 875 ($11.30) price objective on shares of Greene King plc in a report on Tuesday, June 20th. Finally, Canaccord Genuity reissued a buy rating and set a GBX 850 ($10.98) price objective on shares of Greene King plc in a report on Friday, June 30th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and six have issued a buy rating to the company. The company presently has an average rating of Hold and an average target price of GBX 752.67 ($9.72).
Greene King plc (GNK) opened at 554.00 on Monday. The company’s market capitalization is GBX 1.72 billion. Greene King plc has a 52 week low of GBX 527.00 and a 52 week high of GBX 805.30. The company’s 50-day moving average price is GBX 657.85 and its 200 day moving average price is GBX 695.06.
The business also recently declared a dividend, which will be paid on Friday, September 15th. Investors of record on Thursday, August 10th will be paid a GBX 24.40 ($0.32) dividend. This is a positive change from Greene King plc’s previous dividend of $8.80. The ex-dividend date of this dividend is Thursday, August 10th. This represents a yield of 3.54%.
In other Greene King plc news, insider Rooney Anand sold 6,293 shares of Greene King plc stock in a transaction on Wednesday, August 2nd. The stock was sold at an average price of GBX 693 ($8.95), for a total value of £43,610.49 ($56,322.47). Also, insider Gordon Fryett acquired 2,000 shares of the business’s stock in a transaction on Monday, August 21st. The stock was acquired at an average price of GBX 659 ($8.51) per share, with a total value of £13,180 ($17,021.83).
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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