Greene King (GNK) Price Target Cut to GBX 480

Greene King (LON:GNK) had its target price trimmed by HSBC from GBX 485 ($6.70) to GBX 480 ($6.63) in a report issued on Friday morning. The brokerage currently has a reduce rating on the stock.

Several other research analysts have also commented on GNK. Peel Hunt reduced their price objective on shares of Greene King from GBX 750 ($10.36) to GBX 625 ($8.63) and set an add rating for the company in a research note on Wednesday, October 25th. Deutsche Bank reiterated a buy rating and set a GBX 740 ($10.22) price objective on shares of Greene King in a research note on Monday, November 13th. Investec reduced their price objective on shares of Greene King from GBX 667 ($9.22) to GBX 530 ($7.32) and set a hold rating for the company in a research note on Friday, November 17th. Liberum Capital reiterated a buy rating and set a GBX 720 ($9.95) price objective on shares of Greene King in a research note on Monday, November 20th. Finally, Barclays reiterated an overweight rating and set a GBX 635 ($8.77) price objective on shares of Greene King in a research note on Wednesday, November 29th. Five analysts have rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the stock. Greene King currently has an average rating of Hold and an average price target of GBX 568.18 ($7.85).

Shares of Greene King (GNK) opened at GBX 516.60 ($7.14) on Friday. Greene King has a 52-week low of GBX 490.08 ($6.77) and a 52-week high of GBX 768 ($10.61). The firm has a market cap of $1,600.00 and a P/E ratio of 922.50.

Greene King (LON:GNK) last announced its quarterly earnings results on Thursday, November 30th. The company reported GBX 33 ($0.46) earnings per share for the quarter, missing the consensus estimate of GBX 34 ($0.47) by GBX (1) (($0.01)). Greene King had a return on equity of 10.64% and a net margin of 9.38%. The business had revenue of GBX 103.14 billion during the quarter.

In related news, insider Rooney Anand purchased 10,000 shares of the business’s stock in a transaction on Wednesday, February 7th. The shares were acquired at an average price of GBX 503 ($6.95) per share, for a total transaction of £50,300 ($69,494.34).

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About Greene King

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.

Analyst Recommendations for Greene King (LON:GNK)

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