Greene King’s (GNK) “Buy” Rating Reiterated at Shore Capital
GNK has been the topic of several other reports. Liberum Capital reiterated a buy rating on shares of Greene King in a report on Thursday, November 1st. Peel Hunt reiterated a buy rating on shares of Greene King in a report on Tuesday, November 6th. Morgan Stanley upped their target price on Greene King from GBX 640 ($8.36) to GBX 660 ($8.62) and gave the company an overweight rating in a report on Wednesday, September 12th. Royal Bank of Canada initiated coverage on Greene King in a report on Tuesday, December 4th. They issued an outperform rating and a GBX 600 ($7.84) target price on the stock. Finally, Berenberg Bank reiterated a sell rating and issued a GBX 430 ($5.62) target price on shares of Greene King in a report on Monday, September 10th. Four equities research analysts have rated the stock with a sell rating and seven have issued a buy rating to the company. The stock presently has an average rating of Hold and a consensus target price of GBX 574.44 ($7.51).
LON:GNK opened at GBX 611.40 ($7.99) on Tuesday. Greene King has a 1-year low of GBX 479.86 ($6.27) and a 1-year high of GBX 768 ($10.04).
The firm also recently declared a dividend, which will be paid on Friday, January 18th. Shareholders of record on Thursday, December 6th will be issued a dividend of GBX 8.80 ($0.11) per share. This represents a dividend yield of 1.64%. The ex-dividend date is Thursday, December 6th.
About Greene King
Greene King plc operates as a pub retailer and brewer in the United Kingdom. The company operates through three segments: Pub Company, Pub Partners, and Brewing & Brands. Its brands include Greene King Local Pubs, Hungry Horse, Flaming Grill, Farmhouse Inns, and Chef & Brewer. The company is also involved in brewing, marketing, and selling beer under the Greene King IPA, Old Speckled Hen, Abbot Ale, and Belhaven Best brands.
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