Greene King (GNK) Downgraded by Numis Securities

Numis Securities lowered shares of Greene King (LON:GNK) to a reduce rating in a research report sent to investors on Thursday. They currently have GBX 510 ($7.21) price target on the stock, down from their prior price target of GBX 595 ($8.41).

Several other research analysts also recently commented on GNK. Peel Hunt reiterated an add rating and set a GBX 600 ($8.48) target price on shares of Greene King in a research note on Thursday. Liberum Capital dropped their price target on Greene King from GBX 720 ($10.18) to GBX 690 ($9.75) and set a buy rating for the company in a report on Monday, January 15th. Shore Capital reissued a buy rating on shares of Greene King in a report on Thursday, January 25th. Finally, Berenberg Bank reissued a sell rating and set a GBX 450 ($6.36) price target on shares of Greene King in a report on Monday, January 8th. Five investment analysts have rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating to the stock. The company has an average rating of Hold and a consensus target price of GBX 567.08 ($8.02).

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Shares of LON GNK opened at GBX 558 ($7.89) on Thursday. Greene King has a 12 month low of GBX 479.86 ($6.78) and a 12 month high of GBX 768 ($10.86).

In other news, insider Rooney Anand purchased 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 7th. The stock was acquired at an average cost of GBX 503 ($7.11) per share, with a total value of £50,300 ($71,095.41).

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About Greene King

Greene King plc operates as a pub retailer and brewer in the United Kingdom. The company operates through Pub Company, Pub Partners, and Brewing & Brands segments. Its retail brands and formats 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.

Analyst Recommendations for Greene King (LON:GNK)

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