Greene King plc (GNK) Downgraded by Numis Securities Ltd

Numis Securities Ltd cut shares of Greene King plc (LON:GNK) to a hold rating in a research note published on Monday, May 8th. They currently have GBX 790 ($10.20) price target on the stock.

Several other analysts have also recently weighed in on the stock. Barclays PLC reissued an overweight rating on shares of Greene King plc in a research note on Tuesday, March 14th. Berenberg Bank assumed coverage on shares of Greene King plc in a research report on Tuesday, March 7th. They set a hold rating and a GBX 700 ($9.04) price target on the stock. Investec reaffirmed a buy rating and set a GBX 870 ($11.23) price target on shares of Greene King plc in a research report on Tuesday, February 7th. JPMorgan Chase & Co. cut their price target on shares of Greene King plc from GBX 830 ($10.71) to GBX 810 ($10.46) and set an overweight rating on the stock in a research report on Monday, February 13th. Finally, Shore Capital reiterated a buy rating on shares of Greene King plc in a report on Thursday, February 16th. Five investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Greene King plc presently has an average rating of Buy and an average target price of GBX 834.50 ($10.77).

Greene King plc (LON:GNK) traded up 0.41% during mid-day trading on Monday, hitting GBX 733.50. The stock had a trading volume of 848,461 shares. The stock has a 50 day moving average of GBX 731.56 and a 200-day moving average of GBX 706.25. Greene King plc has a 1-year low of GBX 646.50 and a 1-year high of GBX 910.00. The firm’s market cap is GBX 2.27 billion.

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About Greene King plc

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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