Greene King plc (GNK) Receives GBX 807.50 Consensus PT from Brokerages
Greene King plc (LON:GNK) has been given an average rating of “Buy” by the fourteen research firms that are presently covering the firm, MarketBeat reports. Six research analysts have rated the stock with a hold rating and eight have issued a buy rating on the company. The average 12-month price objective among analysts that have covered the stock in the last year is GBX 807.50 ($10.44).
Several equities research analysts recently commented on the company. Canaccord Genuity reiterated a “buy” rating and issued a GBX 850 ($10.99) price objective on shares of Greene King plc in a report on Friday, June 30th. Liberum Capital initiated coverage on Greene King plc in a research note on Wednesday, July 5th. They set a “buy” rating and a GBX 840 ($10.86) price target for the company. J P Morgan Chase & Co downgraded Greene King plc to a “neutral” rating and cut their price target for the company from GBX 810 ($10.48) to GBX 750 ($9.70) in a research note on Friday, June 30th. Numis Securities Ltd downgraded Greene King plc to a “hold” rating and set a GBX 790 ($10.22) price target for the company. in a research note on Monday, May 8th. Finally, Peel Hunt initiated coverage on Greene King plc in a research note on Thursday, August 3rd. They set an “add” rating and a GBX 750 ($9.70) price target for the company.
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In other Greene King plc news, insider Rooney Anand sold 6,293 shares of the business’s stock in a transaction dated Wednesday, August 2nd. The stock was sold at an average price of GBX 693 ($8.96), for a total transaction of £43,610.49 ($56,402.60). Also, insider Gordon Fryett purchased 2,000 shares of the business’s stock in a transaction on Monday, August 21st. The shares were purchased at an average price of GBX 659 ($8.52) per share, with a total value of £13,180 ($17,046.04).
Greene King plc (LON GNK) traded down 3.84% during midday trading on Tuesday, reaching GBX 663.00. 1,215,725 shares of the company’s stock traded hands. The stock’s 50 day moving average price is GBX 672.39 and its 200-day moving average price is GBX 697.88. The stock’s market cap is GBX 2.05 billion. Greene King plc has a one year low of GBX 642.00 and a one year high of GBX 847.00.
The company also recently declared a dividend, which will be paid on Friday, September 15th. Shareholders of record on Thursday, August 10th will be paid a dividend of GBX 24.40 ($0.32) per share. This is an increase from Greene King plc’s previous dividend of $8.80. This represents a dividend yield of 3.54%. The ex-dividend date is Thursday, August 10th.
About Greene King plc
Greene King plc is an integrated pub retailer and brewer. The Company operates approximately 3,040 managed, tenanted, leased and franchised pubs, restaurants and hotels, including brands, such as Hungry Horse, Chef & Brewer, Flaming Grill, Farmhouse Inns and its Greene King locals estate. The Company’s segments include Pub Company, Pub Partners, and Brewing & Brands.
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