Greene King (GNK) Downgraded by Numis Securities

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).

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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.

Analyst Recommendations for Greene King (LON:GNK)

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