Greene King plc’s (GNK) Buy Rating Reiterated at Shore Capital

Shore Capital restated their buy rating on shares of Greene King plc (LON:GNK) in a research note released on Friday morning.

Other research analysts have also issued reports about the stock. N+1 Singer restated a hold rating on shares of Greene King plc in a report on Thursday, June 29th. J P Morgan Chase & Co lowered shares of Greene King plc to a neutral rating and decreased their price objective for the stock from GBX 810 ($10.46) to GBX 750 ($9.69) in a report on Friday, June 30th. Canaccord Genuity restated a buy rating and issued a GBX 850 ($10.98) price objective on shares of Greene King plc in a report on Friday, June 30th. Liberum Capital restated a buy rating and issued a GBX 780 ($10.07) price objective on shares of Greene King plc in a report on Friday, August 11th. Finally, HSBC Holdings plc lowered shares of Greene King plc to a reduce rating and decreased their price objective for the stock from GBX 680 ($8.78) to GBX 595 ($7.68) in a report on Friday, September 1st. One analyst has rated the stock with a sell rating, eight have issued a hold rating and six have assigned a buy rating to the company’s stock. The company presently has an average rating of Hold and an average price target of GBX 752.67 ($9.72).

Shares of Greene King plc (GNK) opened at 539.50 on Friday. The firm’s market capitalization is GBX 1.67 billion. The firm has a 50-day moving average of GBX 664.50 and a 200-day moving average of GBX 696.77. Greene King plc has a 12-month low of GBX 533.50 and a 12-month high of GBX 805.30.

Greene King plc (LON:GNK) last issued its quarterly earnings data on Thursday, June 29th. The company reported $0.71 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.71. Greene King plc had a net margin of 6.65% and a return on equity of 7.76%. Equities analysts anticipate that Greene King plc will post $68.93 earnings per share for the current year.

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The firm also recently declared a dividend, which will be paid on Friday, September 15th. Investors of record on Thursday, August 10th will be paid a GBX 24.40 ($0.32) dividend. This represents a dividend yield of 3.54%. This is a positive change from Greene King plc’s previous dividend of $8.80. The ex-dividend date is Thursday, August 10th.

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

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)

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