Canaccord Genuity Increases Greene King (GNK) Price Target to GBX 695

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Greene King (LON:GNK) had its price objective lifted by equities research analysts at Canaccord Genuity from GBX 600 ($7.84) to GBX 695 ($9.08) in a research report issued to clients and investors on Wednesday. The firm presently has a “buy” rating on the stock. Canaccord Genuity’s target price suggests a potential upside of 5.49% from the company’s current price.

Other equities analysts have also issued research reports about the company. Liberum Capital reiterated a “buy” rating on shares of Greene King in a research note on Friday, December 7th. JPMorgan Chase & Co. reiterated an “underweight” rating on shares of Greene King in a research note on Tuesday, February 5th. Shore Capital reiterated a “buy” rating on shares of Greene King in a research note on Thursday, November 29th. Peel Hunt reiterated a “buy” rating on shares of Greene King in a research note on Friday, January 4th. Finally, Royal Bank of Canada began coverage on Greene King in a research note on Tuesday, December 4th. They set an “outperform” rating and a GBX 600 ($7.84) price objective for the company. Three analysts have rated the stock with a sell rating and seven have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of GBX 600.63 ($7.85).

LON GNK opened at GBX 658.80 ($8.61) on Wednesday. Greene King has a fifty-two week low of GBX 479.86 ($6.27) and a fifty-two week high of GBX 768 ($10.04).

Greene King (LON:GNK) last released its quarterly earnings data on Thursday, November 29th. The company reported GBX 33.10 ($0.43) earnings per share for the quarter.

In other Greene King news, insider Richard Smothers purchased 4,000 shares of the business’s stock in a transaction that occurred on Friday, February 15th. The stock was purchased at an average price of GBX 599 ($7.83) per share, for a total transaction of £23,960 ($31,307.98).

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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Analyst Recommendations for Greene King (LON:GNK)

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