Greene King plc (LON:GNK) had its price objective reduced by Peel Hunt from GBX 750 ($9.90) to GBX 625 ($8.25) in a report published on Wednesday morning. They currently have an add rating on the stock.
A number of other brokerages have also recently issued reports on GNK. Beaufort Securities restated a buy rating on shares of Greene King plc in a research note on Friday, June 30th. N+1 Singer restated a hold rating on shares of Greene King plc in a research note on Thursday, June 29th. HSBC Holdings plc cut shares of Greene King plc to a reduce rating and dropped their price objective for the company from GBX 680 ($8.97) to GBX 595 ($7.85) in a research note on Friday, September 1st. Investec dropped their price objective on shares of Greene King plc from GBX 850 ($11.22) to GBX 667 ($8.80) and set a hold rating for the company in a research note on Friday, September 8th. Finally, Liberum Capital restated a buy rating and issued a GBX 720 ($9.50) price objective on shares of Greene King plc in a research note on Friday, September 29th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and six have issued a buy rating to the stock. Greene King plc has an average rating of Hold and an average target price of GBX 723.92 ($9.55).
Greene King plc (LON:GNK) traded up 0.57% on Wednesday, hitting GBX 528.00. 780,464 shares of the stock traded hands. Greene King plc has a 12-month low of GBX 518.00 and a 12-month high of GBX 773.78. The stock has a 50-day moving average of GBX 554.88 and a 200-day moving average of GBX 664.83. The firm’s market cap is GBX 1.64 billion.
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In other news, insider Rooney Anand sold 6,293 shares of the company’s stock in a transaction dated Wednesday, August 2nd. The shares were sold at an average price of GBX 693 ($9.14), for a total value of £43,610.49 ($57,548.81). Also, insider Gordon Fryett bought 2,000 shares of the stock in a transaction dated Monday, August 21st. The stock was purchased at an average cost of GBX 659 ($8.70) per share, for a total transaction of £13,180 ($17,392.45).
Greene King plc Company Profile
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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