Greene King (LON:GNK) Sets New 12-Month High at $865.80

Greene King plc (LON:GNK)’s stock price hit a new 52-week high on Monday . The stock traded as high as GBX 865.80 ($11.31) and last traded at GBX 850 ($11.11), with a volume of 6438272 shares changing hands. The stock had previously closed at GBX 563 ($7.36).

GNK has been the topic of several recent research reports. JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Greene King in a research report on Wednesday, May 15th. Canaccord Genuity reiterated a “buy” rating and issued a GBX 670 ($8.75) price objective on shares of Greene King in a research report on Friday, June 28th. Shore Capital reiterated a “buy” rating on shares of Greene King in a research report on Wednesday, June 26th. Berenberg Bank reiterated a “sell” rating and issued a GBX 450 ($5.88) price objective on shares of Greene King in a research report on Monday, July 29th. Finally, Peel Hunt reiterated a “buy” rating on shares of Greene King in a research report on Thursday, July 4th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and eight have given a buy rating to the stock. Greene King currently has an average rating of “Hold” and an average target price of GBX 664.09 ($8.68).

The company has a market capitalization of $2.64 billion and a P/E ratio of 21.96. The business’s 50-day simple moving average is GBX 617.99 and its 200 day simple 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 business also recently declared a dividend, which will be paid on Friday, September 13th. Shareholders of record on Thursday, August 8th will be given a dividend of GBX 24.40 ($0.32) per share. This represents a dividend yield of 3.99%. This is an increase from Greene King’s previous dividend of $8.80. The ex-dividend date is Thursday, August 8th. Greene King’s payout ratio 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.

Featured Article: What are the most popular ETFs

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