Greene King (LON:GNK)‘s stock had its “add” rating restated by research analysts at Peel Hunt in a note issued to investors on Friday, January 19th. They currently have a GBX 600 ($8.29) price objective on the stock. Peel Hunt’s price objective would indicate a potential upside of 16.82% from the stock’s current price.
A number of other research analysts have also recently issued reports on GNK. cut their price objective on Greene King from GBX 595 ($8.22) to GBX 510 ($7.05) and set a “reduce” rating for the company in a report on Wednesday, September 27th. Liberum Capital restated a “buy” rating and issued a GBX 720 ($9.95) target price on shares of Greene King in a research note on Friday, September 29th. Shore Capital restated a “buy” rating on shares of Greene King in a research note on Thursday, November 30th. Canaccord Genuity lowered their price objective on Greene King from GBX 550 ($7.60) to GBX 520 ($7.18) and set a “hold” rating for the company in a research report on Friday, December 1st. Finally, Numis Securities reiterated a “hold” rating and issued a GBX 595 ($8.22) price objective on shares of Greene King in a research report on Thursday, November 30th. Five research analysts have rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the company. Greene King currently has a consensus rating of “Hold” and an average price target of GBX 568.64 ($7.86).
Shares of Greene King (LON:GNK) traded up GBX 1.20 ($0.02) during mid-day trading on Friday, reaching GBX 513.60 ($7.10). The company had a trading volume of 840,350 shares, compared to its average volume of 1,290,000. The company has a market capitalization of $1,600.00 and a PE ratio of 917.14. Greene King has a 52-week low of GBX 490.08 ($6.77) and a 52-week high of GBX 768 ($10.61).
Greene King (LON:GNK) last issued its earnings results on Thursday, November 30th. The company reported GBX 33 ($0.46) EPS for the quarter, missing the consensus estimate of GBX 34 ($0.47) by GBX (1) (($0.01)). The firm had revenue of GBX 103.14 billion during the quarter. Greene King had a return on equity of 10.64% and a net margin of 9.38%.
In other Greene King news, insider Rooney Anand acquired 10,000 shares of the business’s stock in a transaction dated Wednesday, February 7th. The shares were acquired at an average price of GBX 503 ($6.95) per share, for a total transaction of £50,300 ($69,494.34).
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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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