Greene King (GNK) Downgraded by Numis Securities to Reduce

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).



In related news, insider Rooney Anand acquired 10,000 shares of the firm’s stock in a transaction dated Wednesday, February 7th. The shares were purchased at an average cost of GBX 503 ($7.11) per share, for a total transaction of £50,300 ($71,095.41).

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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.

Analyst Recommendations for Greene King (LON:GNK)

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