Greene King plc (GNK) Receives Consensus Rating of “Hold” from Brokerages
Greene King plc (LON:GNK) has received an average rating of “Hold” from the fourteen research firms that are covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and four have assigned a buy rating to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is GBX 607.73 ($8.18).
A number of research analysts have recently commented on GNK shares. Peel Hunt reaffirmed an “add” rating and set a GBX 750 ($10.09) price target on shares of Greene King in a research report on Friday, September 8th. Liberum Capital reaffirmed a “buy” rating and set a GBX 720 ($9.69) price target on shares of Greene King in a research report on Friday, September 29th. Shore Capital reaffirmed a “buy” rating on shares of Greene King in a research report on Friday, September 8th. Finally, Deutsche Bank dropped their price target on Greene King from GBX 830 ($11.17) to GBX 740 ($9.96) and set a “buy” rating on the stock in a research report on Wednesday, October 18th.
Greene King (GNK) opened at GBX 520.01 ($7.00) on Thursday. Greene King has a 52-week low of GBX 490.08 ($6.60) and a 52-week high of GBX 768 ($10.34).
Greene King (LON:GNK) last issued its quarterly earnings results on Thursday, November 30th. The company reported GBX 33 ($0.44) EPS for the quarter, missing analysts’ consensus estimates of GBX 34 ($0.46) by GBX (1) (($0.01)). Greene King had a net margin of 6.65% and a return on equity of 7.76%. The firm had revenue of GBX 103.14 billion for the quarter.
The business also recently disclosed a dividend, which will be paid on Friday, January 19th. Investors of record on Thursday, December 7th will be paid a dividend of GBX 8.80 ($0.12) per share. The ex-dividend date is Thursday, December 7th. This represents a dividend yield of 1.69%.
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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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