Greene King (LON:GNK) Earns Buy Rating from Liberum Capital

Liberum Capital reaffirmed their buy rating on shares of Greene King (LON:GNK) in a report issued on Friday, March 23rd.

Several other equities analysts have also commented on the stock. HSBC dropped their price target on shares of Greene King from GBX 485 ($6.94) to GBX 480 ($6.87) and set a reduce rating for the company in a research report on Friday, February 16th. JPMorgan Chase lowered shares of Greene King to an underweight rating and dropped their price target for the stock from GBX 650 ($9.31) to GBX 500 ($7.16) in a research report on Tuesday, January 2nd. Morgan Stanley raised shares of Greene King to an overweight rating and increased their price objective for the stock from GBX 610 ($8.73) to GBX 640 ($9.16) in a research report on Friday, March 16th. Berenberg Bank reissued a sell rating and issued a GBX 450 ($6.44) price objective on shares of Greene King in a research report on Monday, January 8th. Finally, Barclays reissued an overweight rating and issued a GBX 635 ($9.09) price objective on shares of Greene King in a research report on Wednesday, November 29th. Five research analysts have rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating to the company’s stock. The stock has an average rating of Hold and a consensus price target of GBX 567.08 ($8.12).

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GNK stock traded up GBX 6.40 ($0.09) on Friday, hitting GBX 578.60 ($8.28). 1,459,694 shares of the company were exchanged, compared to its average volume of 1,750,000. Greene King has a twelve month low of GBX 479.86 ($6.87) and a twelve month high of GBX 768 ($11.00).

In other news, insider Rooney Anand purchased 10,000 shares of the stock in a transaction that occurred on Wednesday, February 7th. The stock was acquired at an average cost of GBX 503 ($7.20) per share, with a total value of £50,300 ($72,021.76).

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Greene King Company Profile

Greene King plc operates as a pub retailer and brewer in the United Kingdom. The company operates through Pub Company, Pub Partners, and Brewing & Brands segments. Its retail brands and formats 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.

Analyst Recommendations for Greene King (LON:GNK)

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