Royal Bank of Canada lowered shares of Greene King (LON:GNK) to a sector performer rating in a report published on Wednesday, ThisIsMoney.Co.Uk reports. They currently have GBX 850 ($11.11) target price on the stock, up from their prior target price of GBX 700 ($9.15).
A number of other research firms have also recently commented on GNK. Berenberg Bank reaffirmed a sell rating and set a GBX 450 ($5.88) price target on shares of Greene King in a research note on Monday, July 29th. Peel Hunt reiterated a buy rating on shares of Greene King in a report on Thursday, July 4th. Canaccord Genuity lowered shares of Greene King to a hold rating and lifted their price objective for the company from GBX 670 ($8.75) to GBX 850 ($11.11) in a report on Tuesday. Liberum Capital lowered shares of Greene King to a hold rating and lifted their price objective for the company from GBX 790 ($10.32) to GBX 850 ($11.11) in a report on Tuesday. Finally, Shore Capital reiterated a buy rating on shares of Greene King in a report on Tuesday. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and a consensus price target of GBX 747.73 ($9.77).
GNK stock opened at GBX 841 ($10.99) on Wednesday. Greene King has a 12 month low of GBX 466.90 ($6.10) and a 12 month high of GBX 865.80 ($11.31). The company has a current ratio of 0.67, a quick ratio of 0.51 and a debt-to-equity ratio of 111.89. The company has a 50-day moving average price of GBX 637.82 and a 200 day moving average price of GBX 638.84. The stock has a market cap of $2.61 billion and a PE ratio of 21.73.
About Greene King
Greene King plc operates as a pub retailer and brewer in the United Kingdom. The company operates through three segments: Pub Company, Pub Partners, and Brewing & Brands. Its brands 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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