Shares of Greene King plc (LON:GNK) have been assigned a consensus recommendation of “Hold” from the twelve analysts that are presently covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and seven have issued a buy recommendation on the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is GBX 647.50 ($8.46).
Several analysts have recently weighed in on the stock. Canaccord Genuity raised their price objective on shares of Greene King from GBX 600 ($7.84) to GBX 695 ($9.08) and gave the company a “buy” rating in a research report on Wednesday, February 20th. Royal Bank of Canada raised their price objective on shares of Greene King from GBX 600 ($7.84) to GBX 700 ($9.15) and gave the company an “outperform” rating in a research report on Friday, April 26th. JPMorgan Chase & Co. upgraded shares of Greene King to a “neutral” rating and raised their price objective for the company from GBX 520 ($6.79) to GBX 720 ($9.41) in a research report on Tuesday, March 5th. Berenberg Bank restated a “sell” rating on shares of Greene King in a research report on Friday, March 1st. Finally, HSBC raised their price objective on shares of Greene King from GBX 560 ($7.32) to GBX 655 ($8.56) and gave the company a “hold” rating in a research report on Friday, February 22nd.
LON GNK traded down GBX 3.20 ($0.04) on Monday, hitting GBX 607.20 ($7.93). The stock had a trading volume of 807,139 shares, compared to its average volume of 1,750,000. Greene King has a 52-week low of GBX 466.90 ($6.10) and a 52-week high of GBX 705.60 ($9.22). The company has a quick ratio of 0.37, a current ratio of 0.54 and a debt-to-equity ratio of 110.12. The company has a market capitalization of $1.88 billion and a P/E ratio of 12.07. The business has a 50-day moving average of GBX 629.83.
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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