Greene King (LON:GNK) had its price objective decreased by Canaccord Genuity from GBX 550 ($7.40) to GBX 520 ($7.00) in a research report sent to investors on Friday morning. Canaccord Genuity currently has a hold rating on the stock.
GNK has been the subject of a number of other research reports. Shore Capital reiterated a buy rating on shares of Greene King in a research note on Thursday, November 30th. Deutsche Bank reduced their price objective on Greene King from GBX 830 ($11.17) to GBX 740 ($9.96) and set a buy rating for the company in a research note on Wednesday, October 18th. J P Morgan Chase & Co reduced their price objective on Greene King from GBX 750 ($10.09) to GBX 650 ($8.75) and set a neutral rating for the company in a research note on Monday, September 11th. Peel Hunt reduced their price objective on Greene King from GBX 750 ($10.09) to GBX 625 ($8.41) and set an add rating for the company in a research note on Wednesday, October 25th. Finally, Numis Securities reiterated a hold rating and set a GBX 595 ($8.01) price objective on shares of Greene King in a research note on Thursday, November 30th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have assigned a buy rating to the stock. Greene King presently has an average rating of Hold and a consensus target price of GBX 620 ($8.34).
Greene King (LON:GNK) opened at GBX 524.88 ($7.06) on Friday. Greene King has a one year low of GBX 490.08 ($6.60) and a one year high of GBX 768 ($10.34).
The firm also recently declared a dividend, which will be paid on Friday, January 19th. Investors of record on Thursday, December 7th will be paid a GBX 8.80 ($0.12) dividend. The ex-dividend date of this dividend is Thursday, December 7th. This represents a dividend yield of 1.69%.
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Greene King Company Profile
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.
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