Analysts’ Recent Ratings Updates for Greene King (GNK)

Greene King (LON: GNK) has recently received a number of price target changes and ratings updates:

  • 8/21/2019 – Greene King was downgraded by analysts at Royal Bank of Canada to a “sector performer” rating. They now have a GBX 850 ($11.11) price target on the stock, up previously from GBX 700 ($9.15).
  • 8/21/2019 – Greene King was upgraded by analysts at Berenberg Bank to a “hold” rating. They now have a GBX 850 ($11.11) price target on the stock, up previously from GBX 450 ($5.88).
  • 8/20/2019 – Greene King had its price target raised by analysts at JPMorgan Chase & Co. from GBX 720 ($9.41) to GBX 850 ($11.11). They now have a “neutral” rating on the stock.
  • 8/20/2019 – Greene King was downgraded by analysts at Canaccord Genuity to a “hold” rating. They now have a GBX 850 ($11.11) price target on the stock, up previously from GBX 670 ($8.75).
  • 8/20/2019 – Greene King was downgraded by analysts at Liberum Capital to a “hold” rating. They now have a GBX 850 ($11.11) price target on the stock, up previously from GBX 790 ($10.32).
  • 8/20/2019 – Greene King had its “buy” rating reaffirmed by analysts at Shore Capital.
  • 7/29/2019 – Greene King had its “sell” rating reaffirmed by analysts at Berenberg Bank. They now have a GBX 450 ($5.88) price target on the stock.
  • 7/4/2019 – Greene King had its “buy” rating reaffirmed by analysts at Peel Hunt.
  • 7/1/2019 – Greene King had its “overweight” rating reaffirmed by analysts at Barclays PLC. They now have a GBX 630 ($8.23) price target on the stock.
  • 6/28/2019 – Greene King had its “buy” rating reaffirmed by analysts at Canaccord Genuity. They now have a GBX 670 ($8.75) price target on the stock.
  • 6/27/2019 – Greene King had its “buy” rating reaffirmed by analysts at Liberum Capital.
  • 6/27/2019 – Greene King had its “buy” rating reaffirmed by analysts at Peel Hunt.
  • 6/26/2019 – Greene King had its “buy” rating reaffirmed by analysts at Shore Capital.

LON:GNK traded down GBX 0.20 ($0.00) during mid-day trading on Wednesday, hitting GBX 840.60 ($10.98). 8,365,254 shares of the company traded hands, compared to its average volume of 1,750,000. The stock’s fifty day moving average price is GBX 624.79 and its 200-day moving average price is GBX 635.18. Greene King plc has a one year low of GBX 466.90 ($6.10) and a one year high of GBX 705.60 ($9.22). The company has a quick ratio of 0.51, a current ratio of 0.67 and a debt-to-equity ratio of 111.89. The firm has a market cap of $2.61 billion and a price-to-earnings ratio of 21.72.

The business also recently declared a dividend, which will be paid on Friday, September 13th. Shareholders of record on Thursday, August 8th will be issued a dividend of GBX 24.40 ($0.32) per share. This represents a yield of 3.99%. The ex-dividend date of this dividend is Thursday, August 8th. This is a positive change from Greene King’s previous dividend of $8.80. Greene King’s payout ratio is currently 0.85%.

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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