Greene King plc (LON:GNK) was downgraded by equities research analysts at N+1 Singer to a “hold” rating in a research note issued to investors on Friday. They currently have a GBX 800 ($9.90) target price on the stock, down from their previous target price of GBX 900 ($11.14). N+1 Singer’s price objective would indicate a potential upside of 7.96% from the stock’s previous close.
GNK has been the topic of a number of other reports. Canaccord Genuity restated a “buy” rating and set a GBX 1,100 ($13.61) price target on shares of Greene King plc in a research note on Wednesday, June 29th. JPMorgan Chase & Co. restated an “overweight” rating on shares of Greene King plc in a research note on Monday, August 22nd. Panmure Gordon restated a “buy” rating and set a GBX 1,090 ($13.49) price target on shares of Greene King plc in a research note on Friday, September 9th. Beaufort Securities restated a “buy” rating on shares of Greene King plc in a research note on Monday, September 12th. Finally, Barclays PLC restated an “overweight” rating and set a GBX 990 ($12.25) price target on shares of Greene King plc in a research note on Monday, September 12th. Six research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of GBX 980 ($12.13).
Shares of Greene King plc (LON:GNK) opened at 739.00 on Friday. The firm’s 50 day moving average is GBX 794.32 and its 200-day moving average is GBX 823.14. The company’s market cap is GBX 2.28 billion. Greene King plc has a 1-year low of GBX 719.49 and a 1-year high of GBX 985.00.
Greene King plc Company Profile
Greene King plc is a United Kingdom-based pub and brewing company. The Company is engaged in operating over 3,000 managed, tenanted, leased and franchised pubs, restaurants and hotels, and brewing ales. The Company operates through three segments: Retail, which is engaged in the operation of managed pubs and restaurants; Pub Partners, which is engaged in the operation of tenanted and leased pubs, and Brewing & Brands, which is involved in brewing, marketing and selling beer.
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