HSBC Lowers Greene King (GNK) Price Target to GBX 485
Greene King (LON:GNK) had its target price reduced by research analysts at HSBC from GBX 510 ($6.86) to GBX 485 ($6.53) in a research report issued on Wednesday. The brokerage currently has a “reduce” rating on the stock. HSBC’s price target suggests a potential downside of 6.12% from the stock’s current price.
GNK has been the topic of several other reports. Liberum Capital restated a “buy” rating and issued a GBX 780 ($10.50) price objective on shares of Greene King in a report on Wednesday, September 6th. Shore Capital restated a “buy” rating on shares of Greene King in a report on Friday, September 8th. Peel Hunt dropped their target price on Greene King from GBX 750 ($10.09) to GBX 625 ($8.41) and set an “add” rating for the company in a research report on Wednesday, October 25th. Deutsche Bank dropped their target price on Greene King from GBX 830 ($11.17) to GBX 740 ($9.96) and set a “buy” rating for the company in a research report on Wednesday, October 18th. Finally, Numis Securities reaffirmed a “hold” rating and issued a GBX 595 ($8.01) target price on shares of Greene King in a research report on Monday, September 11th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have assigned a buy rating to the company’s stock. Greene King has an average rating of “Hold” and a consensus price target of GBX 607.73 ($8.18).
Shares of Greene King (LON GNK) opened at GBX 516.64 ($6.95) on Wednesday. Greene King has a fifty-two week low of GBX 490.08 ($6.60) and a fifty-two week high of GBX 768 ($10.34).
About Greene King
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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