Numis Securities lowered shares of Greene King (LON:GNK) to a reduce rating in a research note released on Thursday morning. The brokerage currently has GBX 510 ($7.21) price objective on the stock, down from their previous price objective of GBX 595 ($8.41).
Several other analysts have also recently weighed in on the stock. Peel Hunt reissued an add rating and issued a GBX 600 ($8.48) price target on shares of Greene King in a research note on Thursday. Liberum Capital reissued a buy rating on shares of Greene King in a research note on Friday, March 23rd. Morgan Stanley raised shares of Greene King to an overweight rating and increased their price target for the company from GBX 610 ($8.62) to GBX 640 ($9.05) in a research note on Friday, March 16th. HSBC dropped their price target on shares of Greene King from GBX 485 ($6.86) to GBX 480 ($6.78) and set a reduce rating for the company in a research note on Friday, February 16th. Finally, Shore Capital reissued a buy rating on shares of Greene King in a research note on Thursday, January 25th. Five investment analysts have rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the company. The company has a consensus rating of Hold and a consensus target price of GBX 567.08 ($8.02).
Shares of Greene King stock traded up GBX 30 ($0.42) during mid-day trading on Thursday, hitting GBX 558 ($7.89). The stock had a trading volume of 2,350,160 shares, compared to its average volume of 1,750,000. Greene King has a 12-month low of GBX 479.86 ($6.78) and a 12-month high of GBX 768 ($10.86).
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Greene King Company Profile
Greene King plc operates as a pub retailer and brewer in the United Kingdom. The company operates through Pub Company, Pub Partners, and Brewing & Brands segments. Its retail brands and formats 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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