Greene King plc (GNK) Stock Rating Lowered by Beaufort Securities
Greene King plc (LON:GNK) was downgraded by Beaufort Securities to a “hold” rating in a research report issued to clients and investors on Monday.
GNK has been the subject of a number of other reports. Canaccord Genuity reaffirmed a “buy” rating and issued a GBX 850 ($10.98) price objective on shares of Greene King plc in a research report on Friday, June 30th. Liberum Capital assumed coverage on Greene King plc in a research report on Wednesday, July 5th. They issued a “buy” rating and a GBX 840 ($10.85) price objective for the company. J P Morgan Chase & Co cut Greene King plc to a “neutral” rating and cut their price objective for the company from GBX 810 ($10.46) to GBX 750 ($9.69) in a research report on Friday, June 30th. Peel Hunt reaffirmed an “add” rating and issued a GBX 750 ($9.69) price objective on shares of Greene King plc in a research report on Friday, September 8th. Finally, Barclays PLC reaffirmed an “overweight” rating on shares of Greene King plc in a research report on Monday. One 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. The stock currently has a consensus rating of “Hold” and an average price target of GBX 752.67 ($9.72).
Greene King plc (LON:GNK) opened at 550.00 on Monday. The company has a 50 day moving average price of GBX 661.08 and a 200-day moving average price of GBX 696.05. The company’s market capitalization is GBX 1.70 billion. Greene King plc has a 52 week low of GBX 527.00 and a 52 week high of GBX 805.30.
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In related news, insider Gordon Fryett acquired 2,000 shares of the 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). Also, insider Rooney Anand sold 6,293 shares of the firm’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 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.
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