Greene King (GNK) Releases Earnings Results
Greene King (LON:GNK) released its quarterly earnings data on Thursday. The company reported GBX 33 ($0.44) earnings per share for the quarter, missing the Zacks’ consensus estimate of GBX 34 ($0.46) by GBX (1) (($0.01)), Bloomberg Earnings reports. The company had revenue of £103.14 billion for the quarter. Greene King had a net margin of 6.65% and a return on equity of 7.76%.
Shares of Greene King (LON:GNK) opened at GBX 520.50 ($6.97) on Friday. Greene King has a twelve month low of GBX 490.08 ($6.56) and a twelve month high of GBX 768 ($10.29).
A number of equities research analysts have recently commented on the company. Shore Capital restated a “buy” rating on shares of Greene King in a research report on Thursday. Canaccord Genuity dropped their target price on Greene King from GBX 550 ($7.37) to GBX 520 ($6.96) and set a “hold” rating on the stock in a research report on Friday. Deutsche Bank dropped their target price on Greene King from GBX 830 ($11.12) to GBX 740 ($9.91) and set a “buy” rating on the stock in a research report on Wednesday, October 18th. J P Morgan Chase & Co dropped their target price on Greene King from GBX 750 ($10.04) to GBX 650 ($8.70) and set a “neutral” rating on the stock in a research report on Monday, September 11th. Finally, Peel Hunt dropped their target price on Greene King from GBX 750 ($10.04) to GBX 625 ($8.37) and set an “add” rating on the stock in a research report on Wednesday, October 25th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of GBX 620 ($8.30).
Greene King 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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