Greene King plc (LON:GNK) announced a dividend on Thursday, November 30th, Upcoming.Co.Uk reports. Shareholders of record on Thursday, December 7th will be given a dividend of GBX 8.80 ($0.12) per share on Friday, January 19th. This represents a yield of 1.69%. The ex-dividend date of this dividend is Thursday, December 7th. The official announcement can be accessed at this link.
Greene King (GNK) traded up GBX 0.50 ($0.01) during midday trading on Wednesday, reaching GBX 524.50 ($7.06). 937,156 shares of the company’s stock were exchanged, compared to its average volume of 1,400,000. Greene King has a 1 year low of GBX 490.08 ($6.60) and a 1 year high of GBX 768 ($10.34).
Greene King (LON:GNK) last issued its quarterly earnings data on Thursday, November 30th. The company reported GBX 33 ($0.44) earnings per share for the quarter, missing the Zacks’ consensus estimate of GBX 34 ($0.46) by GBX (1) (($0.01)). Greene King had a return on equity of 7.76% and a net margin of 6.65%. The firm had revenue of GBX 103.14 billion during the quarter.
A number of analysts have recently weighed in on GNK shares. Investec reduced their price objective on shares of Greene King from GBX 667 ($8.98) to GBX 530 ($7.13) and set a “hold” rating for the company in a research note on Friday, November 17th. HSBC dropped their target price on shares of Greene King from GBX 510 ($6.86) to GBX 485 ($6.53) and set a “reduce” rating on the stock in a research report on Wednesday. Barclays reaffirmed an “overweight” rating and set a GBX 635 ($8.55) target price on shares of Greene King in a research report on Wednesday, November 29th. lowered shares of Greene King to a “reduce” rating and dropped their target price for the stock from GBX 680 ($9.15) to GBX 595 ($8.01) in a research report on Friday, September 1st. Finally, Beaufort Securities lowered shares of Greene King to a “hold” rating in a research report on Monday, September 11th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of GBX 607.73 ($8.18).
Greene King Company Profile
Greene King plc is an integrated pub retailer and brewer. The Company operates approximately 3,040 managed, tenanted, leased and franchised pubs, restaurants and hotels, including brands, such as Hungry Horse, Chef & Brewer, Flaming Grill, Farmhouse Inns and its Greene King locals estate. The Company’s segments include Pub Company, Pub Partners, and Brewing & Brands.
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