JPMorgan Chase & Co. Trims Greene King plc (GNK) Target Price to GBX 830
Greene King plc (LON:GNK) had its price target decreased by analysts at JPMorgan Chase & Co. from GBX 950 ($11.79) to GBX 830 ($10.30) in a report released on Thursday. The brokerage currently has an “overweight” rating on the stock. JPMorgan Chase & Co.’s target price would suggest a potential upside of 20.99% from the company’s previous close.
Other equities research analysts have also recently issued research reports about the company. N+1 Singer restated a “hold” rating and set a GBX 800 ($9.92) price target on shares of Greene King plc in a research note on Wednesday. Numis Securities Ltd restated an “add” rating and set a GBX 885 ($10.98) price target on shares of Greene King plc in a research note on Wednesday. Panmure Gordon reiterated a “buy” rating and issued a GBX 1,050 ($13.03) price objective on shares of Greene King plc in a research report on Wednesday. Canaccord Genuity reiterated a “buy” rating and issued a GBX 990 ($12.28) price objective on shares of Greene King plc in a research report on Wednesday. Finally, Goodbody reiterated a “hold” rating on shares of Greene King plc in a research report on Wednesday. Seven analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of GBX 946.47 ($11.74).
Greene King plc (LON:GNK) opened at 685.00 on Thursday. The stock’s market cap is GBX 2.12 billion. The stock’s 50 day moving average price is GBX 736.19 and its 200 day moving average price is GBX 794.58. Greene King plc has a 12-month low of GBX 670.50 and a 12-month high of GBX 985.00.
The business also recently disclosed a dividend, which will be paid on Friday, January 20th. Investors of record on Thursday, December 15th will be paid a dividend of GBX 8.80 ($0.11) per share. This represents a dividend yield of 1.28%. The ex-dividend date is Thursday, December 15th.
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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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