Greene King plc (LON:GNK) Price Target Lowered to GBX 720 at Liberum Capital

Greene King plc (LON:GNK) had its price target cut by analysts at Liberum Capital from GBX 780 ($10.52) to GBX 720 ($9.71) in a research report issued on Tuesday, September 12th, StockTargetPrices.com reports. The firm presently has a “buy” rating on the stock. Liberum Capital’s price target indicates a potential upside of 29.26% from the stock’s current price.

Other analysts have also recently issued reports about the stock. N+1 Singer restated a “hold” rating on shares of Greene King plc in a report on Thursday, June 29th. J P Morgan Chase & Co cut shares of Greene King plc to a “neutral” rating and reduced their target price for the stock from GBX 810 ($10.92) to GBX 750 ($10.11) in a report on Friday, June 30th. Canaccord Genuity restated a “buy” rating and set a GBX 850 ($11.46) target price on shares of Greene King plc in a report on Friday, June 30th. HSBC Holdings plc downgraded shares of Greene King plc to a “reduce” rating and reduced their price target for the company from GBX 680 ($9.17) to GBX 595 ($8.02) in a research report on Friday, September 1st. Finally, Beaufort Securities restated a “buy” rating on shares of Greene King plc in a research report on Friday, June 30th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and six have issued a buy rating to the company’s stock. Greene King plc presently has an average rating of “Hold” and a consensus price target of GBX 752.67 ($10.15).

Shares of Greene King plc (LON:GNK) opened at 557.00 on Tuesday. The stock’s market cap is GBX 1.73 billion. The stock has a 50 day moving average price of GBX 645.45 and a 200-day moving average price of GBX 691.54. Greene King plc has a 52 week low of GBX 527.00 and a 52 week high of GBX 805.30.

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In other news, insider Gordon Fryett bought 2,000 shares of the stock in a transaction that occurred on Monday, August 21st. The shares were acquired at an average cost of GBX 659 ($8.88) per share, for a total transaction of £13,180 ($17,769.99). Also, insider Rooney Anand sold 6,293 shares of the firm’s stock in a transaction on Wednesday, August 2nd. The shares were sold at an average price of GBX 693 ($9.34), for a total transaction of £43,610.49 ($58,798.02).

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.

Stock Target Prices

Analyst Recommendations for Greene King plc (LON:GNK)

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