Greene King plc (GNK) Given Consensus Recommendation of “Hold” by Brokerages

Greene King plc (LON:GNK) has been given an average rating of “Hold” by the fifteen brokerages that are currently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, eight have given a hold recommendation and six have issued a buy recommendation on the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is GBX 710.70 ($9.35).

GNK has been the subject of a number of recent analyst reports. Peel Hunt initiated coverage on Greene King plc in a report on Thursday, August 3rd. They set an “add” rating and a GBX 750 ($9.86) price target for the company. Liberum Capital reaffirmed a “buy” rating and set a GBX 780 ($10.26) price target on shares of Greene King plc in a report on Friday, August 11th. HSBC Holdings plc downgraded Greene King plc to a “reduce” rating and decreased their price target for the stock from GBX 680 ($8.94) to GBX 595 ($7.83) in a report on Friday, September 1st. Shore Capital reaffirmed a “buy” rating on shares of Greene King plc in a report on Friday, September 8th. Finally, Investec decreased their price target on Greene King plc from GBX 850 ($11.18) to GBX 667 ($8.77) and set a “hold” rating for the company in a report on Friday, September 8th.

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Shares of Greene King plc (LON:GNK) opened at GBX 542.50 ($7.14) on Friday. Greene King plc has a fifty-two week low of GBX 518 ($6.81) and a fifty-two week high of GBX 773.78 ($10.18).

In related news, insider Gordon Fryett purchased 2,000 shares of the company’s stock in a transaction that occurred on Monday, August 21st. The shares were purchased at an average price of GBX 659 ($8.67) per share, for a total transaction of £13,180 ($17,335.26).

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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