N+1 Singer cut shares of Greene King plc (LON:GNK) to a hold rating in a report released on Friday morning. They currently have GBX 800 ($9.90) target price on the stock, down from their prior target price of GBX 900 ($11.14).
Several other equities analysts have also recently weighed in on GNK. JPMorgan Chase & Co. reiterated an overweight rating and issued a GBX 950 ($11.76) price objective (down previously from GBX 1,050 ($13.00)) on shares of Greene King plc in a research note on Thursday, June 30th. Panmure Gordon reissued a buy rating and issued a GBX 1,090 ($13.49) target price on shares of Greene King plc in a report on Wednesday, June 29th. Shore Capital reissued a buy rating on shares of Greene King plc in a report on Wednesday, June 29th. Beaufort Securities reissued a buy rating on shares of Greene King plc in a report on Monday, September 12th. Finally, Deutsche Bank AG reissued a buy rating and issued a GBX 950 ($11.76) target price on shares of Greene King plc in a report on Monday, September 12th. Six research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Greene King plc presently has an average rating of Buy and a consensus price target of GBX 980 ($12.13).
Shares of Greene King plc (LON:GNK) opened at 741.00 on Friday. The stock has a 50 day moving average of GBX 790.25 and a 200-day moving average of GBX 821.88. The company’s market capitalization is GBX 2.29 billion. Greene King plc has a one year low of GBX 719.49 and a one year high of GBX 985.00.
About Greene King plc
Greene King plc is a United Kingdom-based pub and brewing company. The Company is engaged in operating over 3,000 managed, tenanted, leased and franchised pubs, restaurants and hotels, and brewing ales. The Company operates through three segments: Retail, which is engaged in the operation of managed pubs and restaurants; Pub Partners, which is engaged in the operation of tenanted and leased pubs, and Brewing & Brands, which is involved in brewing, marketing and selling beer.
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