Liberum Capital Trims Greene King (GNK) Target Price to GBX 670

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.

Analyst Recommendations for Greene King (LON:GNK)

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