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).
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%.
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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