Numis Securities Ltd Reiterates “Hold” Rating for Greene King plc (GNK)

Greene King plc (LON:GNK)‘s stock had its “hold” rating reiterated by research analysts at Numis Securities Ltd in a research note issued to investors on Monday. They presently have a GBX 595 ($7.68) target price on the stock. Numis Securities Ltd’s price target indicates a potential upside of 8.58% from the stock’s current price.

GNK has been the topic of several other research reports. Liberum Capital reissued a “buy” rating and set a GBX 780 ($10.07) target price on shares of Greene King plc in a research note on Wednesday, September 6th. Shore Capital reissued a “buy” rating on shares of Greene King plc in a research note on Friday, September 8th. Barclays PLC reissued an “overweight” rating on shares of Greene King plc in a research note on Monday. Beaufort Securities cut shares of Greene King plc to a “hold” rating in a research note on Monday. Finally, Deutsche Bank AG reissued a “buy” rating and set a GBX 875 ($11.30) target price on shares of Greene King plc in a research note on Tuesday, June 20th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and six have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of GBX 752.67 ($9.72).

Shares of Greene King plc (LON GNK) opened at 550.00 on Monday. Greene King plc has a 12-month low of GBX 527.00 and a 12-month high of GBX 805.30. The company’s 50-day moving average is GBX 661.08 and its 200-day moving average is GBX 696.05. The stock’s market cap is GBX 1.70 billion.

COPYRIGHT VIOLATION NOTICE: This report was posted by Stock Observer and is the sole property of of Stock Observer. If you are accessing this report on another website, it was illegally stolen and republished in violation of international copyright laws. The correct version of this report can be read at https://www.thestockobserver.com/2017/09/13/numis-securities-ltd-reiterates-hold-rating-for-greene-king-plc-gnk.html.

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

About Greene King plc

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)

Receive News & Ratings for Greene King plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Greene King plc and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply