Greene King plc (GNK) Given Consensus Recommendation of “Hold” by Brokerages
Shares of Greene King plc (LON:GNK) have earned a consensus recommendation of “Hold” from the fifteen research firms that are currently covering the firm, Marketbeat Ratings reports. Five research analysts have rated the stock with a sell rating, two have assigned a hold rating and eight have assigned a buy rating to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is GBX 602.50 ($7.77).
Several analysts recently issued reports on the company. Peel Hunt reiterated an “add” rating on shares of Greene King in a report on Monday, August 6th. Shore Capital reiterated a “buy” rating on shares of Greene King in a report on Friday. Liberum Capital reiterated a “buy” rating and set a GBX 670 ($8.64) price objective on shares of Greene King in a report on Friday. Canaccord Genuity upgraded Greene King to a “buy” rating and set a GBX 600 ($7.74) price objective for the company in a report on Friday. Finally, Numis Securities reiterated a “reduce” rating on shares of Greene King in a report on Friday, June 29th.
GNK opened at GBX 510.60 ($6.59) on Friday. Greene King has a 12-month low of GBX 479.86 ($6.19) and a 12-month high of GBX 768 ($9.91).
The company also recently disclosed a dividend, which will be paid on Friday, September 14th. Investors of record on Thursday, August 2nd will be issued a dividend of GBX 24.40 ($0.31) per share. This represents a dividend yield of 4.2%. This is a positive change from Greene King’s previous dividend of $8.80. The ex-dividend date is Thursday, August 2nd.
About Greene King
Greene King plc operates as a pub retailer and brewer in the United Kingdom. The company operates through three segments: Pub Company, Pub Partners, and Brewing & Brands. Its brands include Greene King Local Pubs, Hungry Horse, Flaming Grill, Farmhouse Inns, and Chef & Brewer. The company is also involved in brewing, marketing, and selling beer under the Greene King IPA, Old Speckled Hen, Abbot Ale, and Belhaven Best brands.
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