Greene King (LON:GNK) Stock Rating Upgraded by Morgan Stanley

Greene King (LON:GNK) was upgraded by analysts at Morgan Stanley to an “overweight” rating in a report released on Friday, March 16th. The brokerage presently has a GBX 640 ($8.98) target price on the stock, up from their prior target price of GBX 610 ($8.56). Morgan Stanley’s price target suggests a potential upside of 34.79% from the stock’s current price.

Several other research analysts also recently commented on the company. HSBC lowered their target price on Greene King from GBX 485 ($6.81) to GBX 480 ($6.74) and set a “reduce” rating for the company in a research note on Friday, February 16th. JPMorgan Chase downgraded Greene King to an “underweight” rating and lowered their target price for the stock from GBX 650 ($9.12) to GBX 500 ($7.02) in a research note on Tuesday, January 2nd. Investec lowered their target price on Greene King from GBX 667 ($9.36) to GBX 530 ($7.44) and set a “hold” rating for the company in a research note on Friday, November 17th. Liberum Capital reissued a “buy” rating and set a GBX 690 ($9.69) target price on shares of Greene King in a research note on Monday, February 26th. Finally, Berenberg Bank restated a “sell” rating and set a GBX 450 ($6.32) price target on shares of Greene King in a report on Monday, January 8th. Five equities research analysts have rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating to the stock. Greene King has an average rating of “Hold” and an average price target of GBX 574.17 ($8.06).

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GNK stock traded down GBX 10 ($0.14) during midday trading on Friday, reaching GBX 474.80 ($6.66). The company had a trading volume of 1,036,461 shares, compared to its average volume of 1,750,000. Greene King has a 1-year low of GBX 479.86 ($6.74) and a 1-year high of GBX 768 ($10.78).

In other news, insider Rooney Anand purchased 10,000 shares of Greene King stock in a transaction dated Wednesday, February 7th. The shares were bought at an average cost of GBX 503 ($7.06) per share, for a total transaction of £50,300 ($70,606.40).

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Greene King Company Profile

Greene King plc operates as a pub retailer and brewer in the United Kingdom. The company operates through Pub Company, Pub Partners, and Brewing & Brands segments. Its retail brands and formats include Greene King Local Pubs, Hungry Horse, Flaming Grill, Farmhouse Inns, and Chef & Brewer. The company is also involved in brewing, marketing, and selling beer under the Greene King IPA, Old Speckled Hen, Abbot Ale, and Belhaven Best brands.

Analyst Recommendations for Greene King (LON:GNK)

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