J P Morgan Chase & Co Lowers Greene King plc (GNK) Price Target to GBX 650

Greene King plc (LON:GNK) had its price objective decreased by analysts at J P Morgan Chase & Co from GBX 750 ($9.69) to GBX 650 ($8.39) in a research note issued to investors on Monday. The brokerage presently has a “neutral” rating on the stock. J P Morgan Chase & Co’s price objective would suggest a potential upside of 18.61% from the stock’s previous close.

GNK has been the topic of several other reports. Liberum Capital reaffirmed a “buy” rating and issued a GBX 780 ($10.07) price objective on shares of Greene King plc in a research report on Wednesday, September 6th. Shore Capital reaffirmed a “buy” rating on shares of Greene King plc in a research report on Friday, September 8th. Barclays PLC reaffirmed an “overweight” rating on shares of Greene King plc in a research report on Monday. Beaufort Securities cut shares of Greene King plc to a “hold” rating in a research report on Monday. Finally, Numis Securities Ltd reaffirmed a “hold” rating and issued a GBX 595 ($7.68) price objective on shares of Greene King plc in a research report on Monday. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and six have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of GBX 752.67 ($9.72).

Shares of Greene King plc (LON:GNK) opened at 550.50 on Monday. Greene King plc has a 12-month low of GBX 527.00 and a 12-month high of GBX 805.30. The stock has a 50 day moving average price of GBX 661.08 and a 200-day moving average price of GBX 696.05. The stock’s market cap is GBX 1.71 billion.

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In other Greene King plc news, insider Rooney Anand sold 6,293 shares of the business’s stock in a transaction dated Wednesday, August 2nd. The shares were sold at an average price of GBX 693 ($8.95), for a total transaction of £43,610.49 ($56,322.47). Also, insider Gordon Fryett purchased 2,000 shares of the business’s stock in a transaction on Monday, August 21st. The shares were acquired at an average cost of GBX 659 ($8.51) per share, for a total transaction of £13,180 ($17,021.83).

Greene King plc 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.

Analyst Recommendations for Greene King plc (LON:GNK)

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