Greene King plc (GNK) Downgraded to Hold at N+1 Singer
N+1 Singer lowered shares of Greene King plc (LON:GNK) to a hold rating in a research note released on Friday. N+1 Singer currently has GBX 800 ($10.44) price objective on the stock, down from their previous price objective of GBX 900 ($11.75).
Other research analysts have also recently issued reports about the stock. JPMorgan Chase & Co. restated an overweight rating on shares of Greene King plc in a report on Monday, August 22nd. Deutsche Bank AG restated a buy rating and set a GBX 950 ($12.40) price target on shares of Greene King plc in a report on Monday, September 12th. Barclays PLC restated an overweight rating and set a GBX 990 ($12.92) price target on shares of Greene King plc in a report on Monday, September 12th. Beaufort Securities restated a buy rating on shares of Greene King plc in a report on Monday, September 12th. Finally, Shore Capital restated a buy rating on shares of Greene King plc in a report on Wednesday, June 29th. Six investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. The stock presently has a consensus rating of Buy and an average price target of GBX 980 ($12.79).
Greene King plc (LON:GNK) traded down 0.87% during mid-day trading on Friday, hitting GBX 740.50. 711,058 shares of the company traded hands. Greene King plc has a one year low of GBX 719.49 and a one year high of GBX 985.00. The firm’s market capitalization is GBX 2.29 billion. The firm has a 50 day moving average of GBX 796.49 and a 200 day moving average of GBX 824.49.
About Greene King plc
Greene King plc is a United Kingdom-based pub and brewing company. The Company is engaged in operating over 3,000 managed, tenanted, leased and franchised pubs, restaurants and hotels, and brewing ales. The Company operates through three segments: Retail, which is engaged in the operation of managed pubs and restaurants; Pub Partners, which is engaged in the operation of tenanted and leased pubs, and Brewing & Brands, which is involved in brewing, marketing and selling beer.
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