Greene King plc’s (GNK) “Buy” Rating Reaffirmed at Investec

Investec restated their buy rating on shares of Greene King plc (LON:GNK) in a research note released on Tuesday. The brokerage currently has a GBX 870 ($10.84) target price on the stock.

A number of other equities analysts have also commented on GNK. Goodbody reaffirmed a hold rating on shares of Greene King plc in a research note on Wednesday, November 30th. Panmure Gordon reiterated a buy rating and issued a GBX 1,050 ($13.08) target price on shares of Greene King plc in a research report on Wednesday, November 30th. Numis Securities Ltd reiterated an add rating and issued a GBX 885 ($11.02) target price on shares of Greene King plc in a research report on Wednesday, November 30th. N+1 Singer reiterated a hold rating and issued a GBX 800 ($9.97) target price on shares of Greene King plc in a research report on Wednesday, November 30th. Finally, Canaccord Genuity reiterated a buy rating and issued a GBX 990 ($12.33) target price on shares of Greene King plc in a research report on Wednesday, November 30th. Four research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The company has a consensus rating of Buy and an average target price of GBX 883.50 ($11.01).

Analyst Recommendations for Greene King plc (LON:GNK)

Shares of Greene King plc (LON:GNK) opened at 658.7992 on Tuesday. The stock’s market capitalization is GBX 2.04 billion. Greene King plc has a 12 month low of GBX 654.50 and a 12 month high of GBX 914.00. The company’s 50-day moving average is GBX 698.14 and its 200-day moving average is GBX 744.19.

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The company also recently announced a dividend, which was paid on Friday, January 20th. Investors of record on Thursday, December 15th were issued a GBX 8.80 ($0.11) dividend. The ex-dividend date was Thursday, December 15th. This represents a yield of 1.28%.

In related news, insider Rooney Anand sold 63,364 shares of Greene King plc stock in a transaction on Friday, December 9th. The shares were sold at an average price of GBX 686 ($8.55), for a total value of £434,677.04 ($541,451.22).

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.

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