Greene King (LON:GNK) Stock Upgrade
In recent note revealed to investors earlier today, HSBC upgraded shares of Greene King (LON:GNK) to a “Hold”. Analysts currently have a GBX 870 TP on the shares. HSBC’s TP could mean a ppossible downside of -5.69% from the last price of the stock.
From a total of 16 analysts covering Greene King PLC (LON:GNK) stock, 11 rate it a ”Buy”, 2 a “Sell”, and 4 a ”Hold”. This means that 65% of the ratings are positive. The highest target price is GBX 1175 while the lowest target price is GBX 780. The mean of all analyst targets is GBX 982.13 with a 6.13% above today’s (GBX 920) stock price. Greene King PLC was the topic of 37 analyst reports since July 24, 2015 according to the firm StockzIntelligence Inc. Canaccord Genuity maintained shares on December 9 with “Buy” rating. Barclays Capital maintained shares with “Overweight” rating and GBX 935 target share price in a report from a December 3. JP Morgan maintained GNK stock in a recent report from December 4 with “Overweight” rating. Deutsche Bank maintained the rating on December 3. Deutsche Bank has a “Buy” rating and a GBX 1175 price target on shares. Finally, Morgan Stanley maintained the stock with “Equalwt/In-Line” rating in a report issued on a December 3.
Approximately 331,036 shares of stock traded hands. Greene King plc (LON:GNK) has risen 8.67% since May 18, 2015 and is uptrending. It has outperformed by 12.35% the S&P500.
Greene King plc is a United Kingdom pub and brewing company. The company has a market cap of 2.83 billion GBP. The Firm is engaged in operating over 3,000 managed, tenanted, leased and franchised pubs, restaurants and hotels, and brewing ales. It has 25.47 P/E ratio. The Firm operates through three divisions: Retail, which is engaged in the operation of managed pubs and restaurants; Pub Partners, which is engaged in the operation of tenanted and leased pubs, and Brewing & Brands, which is involved in brewing, marketing and selling beer.
According to Zacks Investment Research, “Genco Shipping & Trading Ltd. is a ship owning company. It transport iron ore, coal, grain, steel products and other drybulk cargoes along shipping routes. The company owned fleet of dry cargo vessels which consists of Capesize, Panamax, Ultramax, Supramax, Handymax and Handysize vessels. Genco Shipping & Trading Ltd. is based in New York, United States.”