Peel Hunt Reiterates “Buy” Rating for Greene King (GNK)
Several other equities analysts have also issued reports on the stock. Liberum Capital reaffirmed a buy rating on shares of Greene King in a report on Thursday, November 1st. Morgan Stanley lifted their price target on shares of Greene King from GBX 640 ($8.36) to GBX 660 ($8.62) and gave the stock an overweight rating in a report on Wednesday, September 12th. Berenberg Bank reaffirmed a sell rating and issued a GBX 430 ($5.62) price target on shares of Greene King in a report on Monday, September 10th. Citigroup reaffirmed a buy rating on shares of Greene King in a report on Monday, September 10th. Finally, Numis Securities reaffirmed a reduce rating on shares of Greene King in a report on Monday, September 10th. Four analysts have rated the stock with a sell rating, one has given a hold rating and eight have issued a buy rating to the company. Greene King currently has an average rating of Hold and a consensus target price of GBX 588.64 ($7.69).
LON GNK traded up GBX 3.60 ($0.05) on Tuesday, hitting GBX 500 ($6.53). The stock had a trading volume of 1,938,157 shares, compared to its average volume of 1,750,000. Greene King has a 52-week low of GBX 479.86 ($6.27) and a 52-week high of GBX 768 ($10.04).
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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