Greene King (GNK) Stock Rating Reaffirmed by Shore Capital

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Shore Capital reissued their buy rating on shares of Greene King (LON:GNK) in a report issued on Friday.

Other equities analysts have also recently issued reports about the stock. Peel Hunt restated an add rating on shares of Greene King in a report on Monday, July 9th. Citigroup restated a buy rating on shares of Greene King in a report on Monday, September 3rd. Liberum Capital restated a buy rating and set a GBX 670 ($8.64) price target on shares of Greene King in a report on Monday, June 25th. Canaccord Genuity restated a hold rating and set a GBX 520 ($6.71) price target on shares of Greene King in a report on Thursday, June 28th. Finally, Numis Securities reaffirmed a reduce rating on shares of Greene King in a research note on Thursday, July 5th. Five investment analysts have rated the stock with a sell rating, two have issued a hold rating and eight have given a buy rating to the stock. The company currently has an average rating of Hold and an average target price of GBX 580.42 ($7.49).

Shares of Greene King stock traded up GBX 35.60 ($0.46) on Friday, hitting GBX 510.60 ($6.59). 3,940,492 shares of the company traded hands, compared to its average volume of 1,750,000. Greene King has a 12-month low of GBX 479.86 ($6.19) and a 12-month high of GBX 768 ($9.91).

Greene King (LON:GNK) last posted its quarterly earnings results on Thursday, June 28th. The company reported GBX 62.70 ($0.81) EPS for the quarter, missing the consensus estimate of GBX 63 ($0.81) by GBX (0.30) ($0.00). Greene King had a net margin of 9.38% and a return on equity of 10.64%.

The business also recently disclosed a dividend, which will be paid on Friday, September 14th. Stockholders of record on Thursday, August 2nd will be given a dividend of GBX 24.40 ($0.31) per share. The ex-dividend date of this dividend is Thursday, August 2nd. This represents a dividend yield of 4.2%. This is a positive change from Greene King’s previous dividend of $8.80.

Greene King Company Profile

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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