Greene King (LON:GNK) had its price objective reduced by Liberum Capital from GBX 690 ($9.36) to GBX 670 ($9.09) in a research report sent to investors on Friday. Liberum Capital currently has a buy rating on the stock.
A number of other equities research analysts have also issued reports on the company. JPMorgan Chase lifted their target price on Greene King from GBX 500 ($6.78) to GBX 520 ($7.05) and gave the company an underweight rating in a research report on Wednesday, April 25th. Berenberg Bank dropped their target price on Greene King from GBX 450 ($6.10) to GBX 430 ($5.83) and set a sell rating on the stock in a research report on Monday, April 23rd. Numis Securities lowered Greene King to a reduce rating and dropped their target price for the company from GBX 595 ($8.07) to GBX 510 ($6.92) in a research report on Thursday, April 12th. Peel Hunt reissued an add rating and issued a GBX 600 ($8.14) target price on shares of Greene King in a research report on Thursday, April 12th. Finally, Morgan Stanley raised Greene King to an overweight rating and lifted their target price for the company from GBX 610 ($8.27) to GBX 640 ($8.68) in a research report on Friday, March 16th. Five analysts have rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the company’s stock. Greene King currently has a consensus rating of Hold and a consensus price target of GBX 565.42 ($7.67).
Shares of Greene King stock opened at GBX 540.20 ($7.33) on Friday. Greene King has a 52-week low of GBX 479.86 ($6.51) and a 52-week high of GBX 768 ($10.42).
In related news, insider Rooney Anand purchased 10,000 shares of the firm’s stock in a transaction on Wednesday, February 7th. The stock was purchased at an average cost of GBX 503 ($6.82) per share, for a total transaction of £50,300 ($68,231.14).
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.
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