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).
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).
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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.
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