Greene King plc (LON:GNK) had its price objective decreased by research analysts at J P Morgan Chase & Co from GBX 750 ($9.69) to GBX 650 ($8.39) in a note issued to investors on Monday. The firm currently has a “neutral” rating on the stock. J P Morgan Chase & Co’s target price points to a potential upside of 17.01% from the company’s previous close.

Several other equities analysts have also recently issued reports on GNK. Numis Securities Ltd reiterated a “hold” rating and set a GBX 595 ($7.68) target price on shares of Greene King plc in a research report on Monday. Beaufort Securities cut Greene King plc to a “hold” rating in a report on Monday. Shore Capital restated a “buy” rating on shares of Greene King plc in a report on Friday. Liberum Capital restated a “buy” rating and issued a GBX 780 ($10.07) price target on shares of Greene King plc in a report on Friday, August 11th. Finally, Barclays PLC restated an “overweight” rating on shares of Greene King plc in a report on Monday. One research analyst has rated the stock with a sell rating, eight have given a hold rating and six have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of GBX 757.67 ($9.79).

Greene King plc (LON GNK) opened at 545.00 on Monday. The stock’s market cap is GBX 1.69 billion. The firm’s 50-day moving average price is GBX 668.80 and its 200-day moving average price is GBX 697.20. Greene King plc has a 12 month low of GBX 545.00 and a 12 month high of GBX 847.00.

Greene King plc (LON:GNK) last released its earnings results on Thursday, June 29th. The company reported $0.71 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.71. Greene King plc had a return on equity of 7.76% and a net margin of 6.65%. On average, analysts predict that Greene King plc will post $70.21 earnings per share for the current year.

ILLEGAL ACTIVITY WARNING: This piece of content was first published by The Cerbat Gem and is the property of of The Cerbat Gem. If you are viewing this piece of content on another site, it was copied illegally and reposted in violation of US and international copyright laws. The legal version of this piece of content can be read at https://www.thecerbatgem.com/2017/09/11/greene-king-plc-gnk-price-target-cut-to-gbx-650-by-analysts-at-j-p-morgan-chase-co.html.

In related news, insider Gordon Fryett bought 2,000 shares of Greene King plc stock in a transaction that occurred on Monday, August 21st. The shares were purchased at an average price of GBX 659 ($8.51) per share, with a total value of £13,180 ($17,021.83). Also, insider Rooney Anand sold 6,293 shares of the company’s stock in a transaction that occurred on Wednesday, August 2nd. The shares were sold at an average price of GBX 693 ($8.95), for a total value of £43,610.49 ($56,322.47).

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.

Analyst Recommendations for Greene King plc (LON:GNK)

Receive News & Stock Ratings for Greene King plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Greene King plc and related stocks with our FREE daily email newsletter.