Greene King plc (GNK) PT Lowered to GBX 740 at Deutsche Bank AG
Greene King plc (LON:GNK) had its price target trimmed by Deutsche Bank AG from GBX 830 ($11.03) to GBX 740 ($9.83) in a research report sent to investors on Wednesday. The brokerage currently has a buy rating on the stock.
GNK has been the subject of a number of other reports. Canaccord Genuity reiterated a buy rating and issued a GBX 850 ($11.29) price objective on shares of Greene King plc in a research note on Friday, June 30th. Liberum Capital assumed coverage on shares of Greene King plc in a research note on Wednesday, July 5th. They issued a buy rating and a GBX 840 ($11.16) price objective for the company. J P Morgan Chase & Co lowered shares of Greene King plc to a neutral rating and reduced their price objective for the company from GBX 810 ($10.76) to GBX 750 ($9.97) in a research note on Friday, June 30th. Peel Hunt reiterated an add rating and issued a GBX 750 ($9.97) price objective on shares of Greene King plc in a research note on Friday, September 8th. Finally, HSBC Holdings plc reduced their price objective on shares of Greene King plc from GBX 595 ($7.91) to GBX 510 ($6.78) and set a reduce rating for the company in a research note on Wednesday, September 27th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and six have given a buy rating to the company. The stock currently has an average rating of Hold and a consensus target price of GBX 734.33 ($9.76).
Greene King plc (LON GNK) traded up 0.93% during trading on Wednesday, hitting GBX 543.00. The stock had a trading volume of 976,258 shares. The firm’s market capitalization is GBX 1.68 billion. The firm has a 50 day moving average price of GBX 566.45 and a 200-day moving average price of GBX 668.89. Greene King plc has a 1-year low of GBX 518.00 and a 1-year high of GBX 773.78.
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In other news, insider Rooney Anand sold 6,293 shares of Greene King plc stock in a transaction on Wednesday, August 2nd. The shares were sold at an average price of GBX 693 ($9.21), for a total transaction of £43,610.49 ($57,946.44). Also, insider Gordon Fryett acquired 2,000 shares of the company’s stock in a transaction dated Monday, August 21st. The shares were bought at an average cost of GBX 659 ($8.76) per share, with a total value of £13,180 ($17,512.62).
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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