Greene King (LON:GNK) had its price objective trimmed by Liberum Capital from GBX 720 ($9.76) to GBX 690 ($9.36) in a research report released on Monday morning. The brokerage currently has a buy rating on the stock.
Other equities analysts also recently issued research reports about the stock. Berenberg Bank reaffirmed a sell rating and set a GBX 450 ($6.10) price target on shares of Greene King in a research note on Monday, January 8th. Peel Hunt reaffirmed an add rating and set a GBX 600 ($8.14) price target on shares of Greene King in a research note on Friday, January 5th. cut their price target on shares of Greene King from GBX 595 ($8.07) to GBX 510 ($6.92) and set a reduce rating on the stock in a research note on Wednesday, September 27th. JPMorgan Chase & Co. downgraded shares of Greene King to an underweight rating and cut their price target for the stock from GBX 650 ($8.81) to GBX 500 ($6.78) in a research note on Tuesday, January 2nd. Finally, Deutsche Bank reaffirmed a buy rating and set a GBX 740 ($10.04) price target on shares of Greene King in a research note on Monday, November 13th. Five analysts have rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the company. The stock presently has an average rating of Hold and an average target price of GBX 568.64 ($7.71).
Greene King (LON GNK) opened at GBX 519.60 ($7.05) on Monday. The stock has a market cap of $1,610.00 and a P/E ratio of 927.86. Greene King has a one year low of GBX 490.08 ($6.65) and a one year high of GBX 768 ($10.41).
Greene King (LON:GNK) last announced its quarterly earnings data on Thursday, November 30th. The company reported GBX 33 ($0.45) earnings per share (EPS) for the quarter, missing the consensus estimate of GBX 34 ($0.46) by GBX (1) (($0.01)). The firm had revenue of GBX 103.14 billion for the quarter. Greene King had a net margin of 9.38% and a return on equity of 10.64%.
The firm also recently announced a dividend, which will be paid on Friday, January 19th. Stockholders of record on Thursday, December 7th will be paid a GBX 8.80 ($0.12) dividend. This represents a dividend yield of 1.69%. The ex-dividend date is Thursday, December 7th.
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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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