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).
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.
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