Several other research firms have also weighed in on GNK. Investec cut their target price 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 report on Friday, November 17th. Peel Hunt reaffirmed an add rating and set a GBX 600 ($8.29) target price on shares of Greene King in a research note on Thursday, January 25th. Shore Capital reissued a buy rating on shares of Greene King in a research report on Thursday, January 25th. HSBC lowered their price target on shares of Greene King from GBX 510 ($7.05) to GBX 485 ($6.70) and set a reduce rating on the stock in a research report on Wednesday, December 6th. Finally, Numis Securities lowered shares of Greene King to a reduce rating in a report on Thursday, January 11th. Five investment analysts have rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the company. The stock currently has a consensus rating of Hold and a consensus target price of GBX 568.18 ($7.85).
Greene King (LON:GNK) traded up GBX 0.90 ($0.01) during mid-day trading on Monday, reaching GBX 492.80 ($6.81). 1,260,000 shares of the company were exchanged, compared to its average volume of 1,650,000. Greene King has a one year low of GBX 479.86 ($6.63) and a one year high of GBX 768 ($10.61). The firm has a market cap of $1,530.00 and a PE ratio of 880.00.
In related news, insider Rooney Anand acquired 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 7th. The shares were acquired at an average price of GBX 503 ($6.95) per share, with a total value 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.
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