Greene King plc (GNK) Price Target Lowered to GBX 650 at J P Morgan Chase & Co
Greene King plc (LON:GNK) had its target price cut by J P Morgan Chase & Co from GBX 750 ($9.69) to GBX 650 ($8.39) in a research note issued to investors on Monday. They currently have a neutral rating on the stock.
A number of other equities analysts have also weighed in on GNK. Deutsche Bank AG reiterated a buy rating and issued a GBX 875 ($11.30) price target on shares of Greene King plc in a research report on Tuesday, June 20th. Shore Capital reiterated a buy rating on shares of Greene King plc in a research report on Thursday, June 29th. N+1 Singer reiterated a hold rating on shares of Greene King plc in a research report on Thursday, June 29th. Numis Securities Ltd reiterated a hold rating and issued a GBX 670 ($8.65) price target on shares of Greene King plc in a research report on Thursday, June 29th. Finally, Beaufort Securities reiterated a buy rating on shares of Greene King plc in a research report on Friday, June 30th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and six have assigned a buy rating to the company’s stock. The company currently has an average rating of Hold and an average price target of GBX 752.67 ($9.72).
Greene King plc (GNK) opened at 564.00 on Monday. The company has a 50-day moving average of GBX 655.31 and a 200 day moving average of GBX 694.14. Greene King plc has a 52 week low of GBX 527.00 and a 52 week high of GBX 805.30. The firm’s market cap is GBX 1.75 billion.
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The company also recently declared a dividend, which will be paid on Friday, September 15th. Stockholders of record on Thursday, August 10th will be paid a dividend of GBX 24.40 ($0.32) per share. The ex-dividend date of this dividend is Thursday, August 10th. This is an increase from Greene King plc’s previous dividend of $8.80. This represents a dividend yield of 3.54%.
In other news, insider Gordon Fryett purchased 2,000 shares of the business’s stock in a transaction dated Monday, August 21st. The stock was bought at an average cost of GBX 659 ($8.51) per share, with a total value of £13,180 ($17,021.83). Also, insider Rooney Anand sold 6,293 shares of the firm’s stock in a transaction dated 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).
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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