Numis Securities lowered shares of Greene King (LON:GNK) to a reduce rating in a research report report published on Thursday, January 11th.
A number of other brokerages have also commented on GNK. Investec cut their price objective on shares of Greene King from GBX 667 ($9.35) to GBX 530 ($7.43) and set a hold rating on the stock in a report on Friday, November 17th. HSBC cut their price objective on shares of Greene King from GBX 510 ($7.15) to GBX 485 ($6.80) and set a reduce rating on the stock in a report on Wednesday, December 6th. Barclays reiterated an overweight rating and issued a GBX 635 ($8.90) price objective on shares of Greene King in a report on Wednesday, November 29th. JPMorgan Chase & Co. lowered shares of Greene King to an underweight rating and cut their price objective for the stock from GBX 650 ($9.11) to GBX 500 ($7.01) in a report on Tuesday, January 2nd. Finally, Deutsche Bank reiterated a buy rating and issued a GBX 740 ($10.38) price objective on shares of Greene King in a report on Monday, November 13th. Five research analysts have rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the company. Greene King currently has a consensus rating of Hold and an average target price of GBX 568.64 ($7.97).
Greene King (LON GNK) opened at GBX 505.16 ($7.08) on Thursday. Greene King has a 1-year low of GBX 490.08 ($6.87) and a 1-year high of GBX 768 ($10.77). The firm has a market cap of $1,570.00 and a price-to-earnings ratio of 902.07.
Greene King (LON:GNK) last issued its quarterly earnings data on Thursday, November 30th. The company reported GBX 33 ($0.46) EPS for the quarter, missing analysts’ consensus estimates of GBX 34 ($0.48) by GBX (1) (($0.01)). Greene King had a return on equity of 10.64% and a net margin of 9.38%. The firm had revenue of GBX 103.14 billion during the quarter.
The firm also recently disclosed a dividend, which was paid on Friday, January 19th. Investors of record on Thursday, December 7th were given a dividend of GBX 8.80 ($0.12) per share. This represents a dividend yield of 1.69%. The ex-dividend date was 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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