Greene King (GNK) Downgraded by JPMorgan Chase & Co.

JPMorgan Chase & Co. downgraded shares of Greene King (LON:GNK) to an underweight rating in a report published on Tuesday. They currently have GBX 500 ($6.69) price target on the stock, down from their prior price target of GBX 650 ($8.69).

A number of other analysts also recently commented on the stock. HSBC dropped their price target on shares of Greene King from GBX 510 ($6.82) to GBX 485 ($6.48) and set a reduce rating on the stock in a research report on Wednesday, December 6th. Canaccord Genuity dropped their price target on shares of Greene King from GBX 550 ($7.35) to GBX 520 ($6.95) and set a hold rating on the stock in a research report on Friday, December 1st. Liberum Capital restated a buy rating and set a GBX 720 ($9.63) price target on shares of Greene King in a research report on Thursday, November 30th. Shore Capital restated a buy rating on shares of Greene King in a research report on Thursday, November 30th. Finally, Peel Hunt dropped their price target on shares of Greene King from GBX 625 ($8.36) to GBX 600 ($8.02) and set an add rating on the stock in a research report on Thursday, November 30th. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has an average rating of Hold and an average price target of GBX 594.09 ($7.94).

Shares of Greene King (LON:GNK) opened at GBX 578 ($7.73) on Tuesday. Greene King has a 52-week low of GBX 490.08 ($6.55) and a 52-week high of GBX 768 ($10.27). The company has a market cap of $1,790.00 and a PE ratio of 1,032.14.

Greene King (LON:GNK) last released its quarterly earnings results on Thursday, November 30th. The company reported GBX 33 ($0.44) EPS for the quarter, missing analysts’ consensus estimates of GBX 34 ($0.45) by GBX (1) (($0.01)). Greene King had a return on equity of 10.64% and a net margin of 9.38%. The company had revenue of GBX 103.14 billion for the quarter.

The firm also recently disclosed a dividend, which will be paid on Friday, January 19th. Stockholders 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.

Analyst Recommendations for Greene King (LON:GNK)

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