Numis Securities lowered shares of Greene King (LON:GNK) to a reduce rating in a research report sent to investors on Thursday, April 12th. They currently have GBX 510 ($7.30) price target on the stock, down from their prior price target of GBX 595 ($8.52).
Several other research analysts also recently commented on GNK. JPMorgan Chase downgraded Greene King to an underweight rating and reduced their target price for the stock from GBX 650 ($9.31) to GBX 500 ($7.16) in a research note on Tuesday, January 2nd. Peel Hunt reiterated an add rating and set a GBX 600 ($8.59) target price on shares of Greene King in a research note on Friday, January 5th. Berenberg Bank reiterated a sell rating and set a GBX 450 ($6.44) target price on shares of Greene King in a research note on Monday, January 8th. Liberum Capital reduced their price target on Greene King from GBX 720 ($10.31) to GBX 690 ($9.88) and set a buy rating for the company in a research note on Monday, January 15th. Finally, Shore Capital restated a buy rating on shares of Greene King in a research note on Thursday, January 25th. Five analysts have rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating to the company’s stock. The company has a consensus rating of Hold and a consensus target price of GBX 567.08 ($8.12).
Shares of LON GNK opened at GBX 562.60 ($8.06) on Thursday. Greene King has a 12 month low of GBX 479.86 ($6.87) and a 12 month high of GBX 768 ($11.00).
In other news, insider Rooney Anand purchased 10,000 shares of Greene King stock in a transaction that occurred on Wednesday, February 7th. The stock was acquired at an average cost of GBX 503 ($7.20) per share, for a total transaction of £50,300 ($72,021.76).
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Greene King Company Profile
Greene King plc operates as a pub retailer and brewer in the United Kingdom. The company operates through Pub Company, Pub Partners, and Brewing & Brands segments. Its retail brands and formats 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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