Greene King (GNK) Earns Outperform Rating from Analysts at Royal Bank of Canada

Royal Bank of Canada initiated coverage on shares of Greene King (LON:GNK) in a research note issued to investors on Tuesday. The brokerage issued an outperform rating and a GBX 600 ($7.84) price target on the stock.

Several other brokerages have also recently weighed in on GNK. Citigroup reissued a buy rating on shares of Greene King in a research report on Monday, September 3rd. Peel Hunt reissued a buy rating on shares of Greene King in a research report on Thursday, November 29th. Shore Capital reissued a buy rating on shares of Greene King in a research report on Thursday, November 29th. JPMorgan Chase & Co. reissued an underweight rating on shares of Greene King in a research report on Monday, September 10th. Finally, Canaccord Genuity raised shares of Greene King to a buy rating and set a GBX 600 ($7.84) price target for the company in a research report on Friday, September 7th. Four equities research analysts have rated the stock with a sell rating and seven have assigned a buy rating to the stock. The stock currently has an average rating of Hold and an average price target of GBX 574.44 ($7.51).

GNK stock opened at GBX 525.60 ($6.87) on Tuesday. Greene King has a 52 week low of GBX 479.86 ($6.27) and a 52 week high of GBX 768 ($10.04).

Greene King (LON:GNK) last announced its quarterly earnings results on Thursday, November 29th. The company reported GBX 33.10 ($0.43) earnings per share for the quarter.

The business also recently announced a dividend, which will be paid on Friday, January 18th. Stockholders of record on Thursday, December 6th will be given a GBX 8.80 ($0.11) dividend. The ex-dividend date is Thursday, December 6th. This represents a dividend yield of 1.64%.

About Greene King

Greene King plc operates as a pub retailer and brewer in the United Kingdom. The company operates through three segments: Pub Company, Pub Partners, and Brewing & Brands. Its brands 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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Analyst Recommendations for Greene King (LON:GNK)

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