Greene King (GNK) Price Target Cut to GBX 485 by Analysts at HSBC

Greene King (LON:GNK) had its price objective trimmed by HSBC from GBX 510 ($6.86) to GBX 485 ($6.53) in a research note released on Wednesday morning. The brokerage currently has a reduce rating on the stock.

A number of other research firms have also recently issued reports on GNK. Investec cut their price objective on shares of Greene King from GBX 667 ($8.98) to GBX 530 ($7.13) and set a hold rating on the stock in a research report on Friday, November 17th. Barclays reissued an overweight rating and set a GBX 635 ($8.55) price objective on shares of Greene King in a research report on Wednesday, November 29th. cut shares of Greene King to a reduce rating and cut their price objective for the stock from GBX 680 ($9.15) to GBX 595 ($8.01) in a research report on Friday, September 1st. Beaufort Securities cut shares of Greene King to a hold rating in a research report on Monday, September 11th. Finally, Deutsche Bank reissued a buy rating and set a GBX 740 ($9.96) price objective on shares of Greene King in a research report on Monday, November 13th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and four have given a buy rating to the stock. The stock currently has a consensus rating of Hold and a consensus target price of GBX 607.73 ($8.18).

Shares of Greene King (GNK) traded down GBX 13.80 ($0.19) on Wednesday, reaching GBX 508.50 ($6.84). 1,536,152 shares of the company’s stock were exchanged, compared to its average volume of 1,400,000. Greene King has a twelve month low of GBX 490.08 ($6.60) and a twelve month high of GBX 768 ($10.34).

Greene King (LON:GNK) last released its quarterly earnings data on Thursday, November 30th. The company reported GBX 33 ($0.44) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of GBX 34 ($0.46) by GBX (1) (($0.01)). The company had revenue of GBX 103.14 billion for the quarter. Greene King had a return on equity of 7.76% and a net margin of 6.65%.

The firm also recently declared a dividend, which will be paid on Friday, January 19th. Investors of record on Thursday, December 7th will be given a GBX 8.80 ($0.12) dividend. The ex-dividend date of this dividend is Thursday, December 7th. This represents a yield of 1.69%.

TRADEMARK VIOLATION NOTICE: This report was first reported by Community Financial News and is owned by of Community Financial News. If you are reading this report on another site, it was copied illegally and reposted in violation of United States & international trademark & copyright laws. The correct version of this report can be viewed at

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.

Analyst Recommendations for Greene King (LON:GNK)

What are top analysts saying about Greene King plc? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Greene King plc and related companies.


Leave a Reply

share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit