Peel Hunt Reiterates Add Rating for Greene King (GNK)
Other equities research analysts have also issued research reports about the company. Barclays reissued an overweight rating and issued a GBX 635 ($8.61) price objective on shares of Greene King in a report on Wednesday, November 29th. HSBC decreased their price objective on Greene King from GBX 510 ($6.92) to GBX 485 ($6.58) and set a reduce rating for the company in a report on Wednesday, December 6th. Liberum Capital reaffirmed a buy rating and set a GBX 720 ($9.76) target price on shares of Greene King in a report on Thursday, November 30th. Shore Capital reaffirmed a buy rating on shares of Greene King in a report on Thursday, November 30th. Finally, Numis Securities reiterated a hold rating and set a GBX 595 ($8.07) price target 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 assigned a hold rating and four have issued a buy rating to the stock. The stock has an average rating of Hold and a consensus price target of GBX 568.64 ($7.71).
Shares of Greene King (GNK) traded up GBX 0.80 ($0.01) on Friday, reaching GBX 522.20 ($7.08). The company had a trading volume of 477,215 shares, compared to its average volume of 1,280,000. Greene King has a 52 week low of GBX 490.08 ($6.65) and a 52 week high of GBX 768 ($10.41). The stock has a market cap of $1,620.00 and a price-to-earnings ratio of 932.50.
The business also recently disclosed a dividend, which was paid on Friday, January 19th. Shareholders of record on Thursday, December 7th were given a GBX 8.80 ($0.12) dividend. The ex-dividend date was Thursday, December 7th. This represents a yield of 1.69%.
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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