Peel Hunt Trims Greene King plc (GNK) Target Price to GBX 625
Greene King plc (LON:GNK) had its target price cut by investment analysts at Peel Hunt from GBX 750 ($9.90) to GBX 625 ($8.25) in a report released on Wednesday. The brokerage presently has an “add” rating on the stock. Peel Hunt’s price target points to a potential upside of 18.04% from the company’s current price.
Other equities research analysts also recently issued research reports about the company. Liberum Capital reissued a “buy” rating and set a GBX 780 ($10.29) price target on shares of Greene King plc in a research report on Friday, August 11th. Canaccord Genuity reissued a “buy” rating and set a GBX 850 ($11.22) price target on shares of Greene King plc in a research report on Friday, June 30th. Beaufort Securities reissued a “buy” rating on shares of Greene King plc in a research report on Friday, June 30th. Shore Capital reissued a “buy” rating on shares of Greene King plc in a research report on Friday, September 8th. Finally, Deutsche Bank AG reduced their price target on Greene King plc from GBX 830 ($10.95) to GBX 740 ($9.77) and set a “buy” rating on the stock in a research report on Wednesday, October 18th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and six have given a buy rating to the company’s stock. Greene King plc currently has an average rating of “Hold” and a consensus target price of GBX 723.92 ($9.55).
Greene King plc (GNK) opened at 529.50 on Wednesday. The company’s 50 day moving average price is GBX 558.57 and its 200 day moving average price is GBX 666.13. Greene King plc has a 52-week low of GBX 518.00 and a 52-week high of GBX 773.78. The company’s market cap is GBX 1.64 billion.
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In other news, insider Gordon Fryett purchased 2,000 shares of the company’s stock in a transaction dated Monday, August 21st. The stock was bought at an average cost of GBX 659 ($8.70) per share, for a total transaction of £13,180 ($17,392.45). Also, insider Rooney Anand sold 6,293 shares of the stock in a transaction on Wednesday, August 2nd. The shares were sold at an average price of GBX 693 ($9.14), for a total value of £43,610.49 ($57,548.81).
Greene King plc Company Profile
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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