Greene King (GNK) Stock Rating Reaffirmed by Peel Hunt
Other equities research analysts have also recently issued research reports about the company. Barclays restated an overweight rating and set a GBX 635 ($8.49) target price on shares of Greene King in a research note on Wednesday, November 29th. Numis Securities restated a hold rating and set a GBX 595 ($7.96) target price on shares of Greene King in a research note on Thursday, November 30th. Liberum Capital restated a buy rating and set a GBX 720 ($9.63) target price on shares of Greene King in a research note on Thursday, November 30th. HSBC decreased their target price on Greene King from GBX 510 ($6.82) to GBX 485 ($6.48) and set a reduce rating for the company in a research note on Wednesday, December 6th. Finally, JPMorgan Chase & Co. cut their price target on Greene King from GBX 750 ($10.03) to GBX 650 ($8.69) and set a neutral rating on the stock in a research report on Monday, September 11th. Four research analysts have rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the stock. Greene King has an average rating of Hold and an average price target of GBX 594.09 ($7.94).
Shares of Greene King (GNK) opened at GBX 579.20 ($7.74) on Friday. The firm has a market capitalization of $1,800.00 and a P/E ratio of 1,034.29. Greene King has a 52 week low of GBX 490.08 ($6.55) and a 52 week high of GBX 768 ($10.27).
The company also recently declared a dividend, which will be paid on Friday, January 19th. Shareholders of record on Thursday, December 7th will be given a dividend of GBX 8.80 ($0.12) per share. This represents a yield of 1.69%. The ex-dividend date of this dividend is Thursday, December 7th.
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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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