Greene King plc (LON:GNK) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $0.00 and traded as high as $585.80. Greene King shares last traded at $564.80, with a volume of 661,185 shares changing hands.
Several equities analysts have recently weighed in on GNK shares. Shore Capital restated a “buy” rating on shares of Greene King in a report on Wednesday, June 26th. Royal Bank of Canada raised their target price on shares of Greene King from GBX 600 ($7.84) to GBX 700 ($9.15) and gave the company an “outperform” rating in a research note on Friday, April 26th. Liberum Capital reiterated a “buy” rating on shares of Greene King in a research note on Thursday, June 27th. JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Greene King in a research note on Wednesday, May 15th. Finally, Barclays reiterated an “overweight” rating and issued a GBX 630 ($8.23) target price on shares of Greene King in a research note on Monday, July 1st. Two analysts have rated the stock with a sell rating, three have issued a hold rating and eight have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of GBX 664.09 ($8.68).
The firm has a market capitalization of $1.75 billion and a price-to-earnings ratio of 14.55. The company’s 50 day moving average is GBX 617.99 and its 200-day moving average is GBX 633.60. The company has a current ratio of 0.67, a quick ratio of 0.51 and a debt-to-equity ratio of 111.89.
The company also recently announced a dividend, which will be paid on Friday, September 13th. Investors of record on Thursday, August 8th will be paid a GBX 24.40 ($0.32) dividend. This is an increase from Greene King’s previous dividend of $8.80. This represents a yield of 3.99%. The ex-dividend date of this dividend is Thursday, August 8th. Greene King’s dividend payout ratio (DPR) is 0.85%.
About Greene King (LON:GNK)
Greene King plc operates as a pub retailer and brewer in the United Kingdom. The company operates through three segments: Pub Company, Pub Partners, and Brewing & Brands. Its brands include Greene King Local Pubs, Hungry Horse, Flaming Grill, Farmhouse Inns, and Chef & Brewer. The company is also involved in brewing, marketing, and selling beer under the Greene King IPA, Old Speckled Hen, Abbot Ale, and Belhaven Best brands.
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