Greene King plc (GNK) PT Lowered to GBX 667
Greene King plc (LON:GNK) had its price objective trimmed by Investec from GBX 850 ($10.98) to GBX 667 ($8.61) in a report released on Friday morning. The firm currently has a hold rating on the stock.
Other research analysts also recently issued reports about the company. N+1 Singer reiterated a hold rating on shares of Greene King plc in a research note on Thursday, June 29th. J P Morgan Chase & Co downgraded Greene King plc to a neutral rating and lowered their target price for the company from GBX 810 ($10.46) to GBX 750 ($9.69) in a research note on Friday, June 30th. Liberum Capital reiterated a buy rating and issued a GBX 780 ($10.07) target price on shares of Greene King plc in a research note on Friday, August 11th. Canaccord Genuity reiterated a buy rating and issued a GBX 850 ($10.98) target price on shares of Greene King plc in a research note on Friday, June 30th. Finally, Beaufort Securities reiterated a buy rating on shares of Greene King plc in a research note on Friday, June 30th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and six have assigned a buy rating to the company’s stock. The stock has an average rating of Hold and an average target price of GBX 752.67 ($9.72).
Shares of Greene King plc (LON GNK) opened at 539.50 on Friday. The firm has a 50-day moving average price of GBX 664.50 and a 200 day moving average price of GBX 696.77. The stock’s market cap is GBX 1.67 billion. Greene King plc has a 52-week low of GBX 533.50 and a 52-week high of GBX 805.30.
Greene King plc (LON:GNK) last announced its earnings results on Thursday, June 29th. The company reported $0.71 earnings per share for the quarter, meeting the consensus estimate of $0.71. Greene King plc had a return on equity of 7.76% and a net margin of 6.65%. Analysts expect that Greene King plc will post $68.93 earnings per share for the current year.
The firm also recently declared a dividend, which will be paid on Friday, September 15th. Investors of record on Thursday, August 10th will be paid a GBX 24.40 ($0.32) dividend. The ex-dividend date of this dividend is Thursday, August 10th. This is an increase from Greene King plc’s previous dividend of $8.80. This represents a dividend yield of 3.54%.
In other Greene King plc news, insider Rooney Anand sold 6,293 shares of the business’s stock in a transaction on Wednesday, August 2nd. The stock was sold at an average price of GBX 693 ($8.95), for a total transaction of £43,610.49 ($56,322.47). Also, insider Gordon Fryett bought 2,000 shares of the firm’s stock in a transaction on Monday, August 21st. The shares were purchased at an average price of GBX 659 ($8.51) per share, for a total transaction of £13,180 ($17,021.83).
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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