Greene King PLC (LON:GNK) “Buy” Rating Reemphasized Today By Canaccord Genuity; The Target Price is GBX 1050.00


Greene King PLC (LON:GNK) Rating Reaffirmed

The brokerage has just set a TP of GBX 1050.00 on Greene King PLC (LON:GNK) shares. This is 13.51% from the last stock price. In an analyst research report made public on Wednesday, 2 December, Canaccord Genuity has reaffirmed their “Buy” rating on shares of GNK.

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 934.88 with a 3.48% above today’s (GBX 929) stock price. Greene King PLC was the topic of 25 analyst reports since July 24, 2015 according to the firm StockzIntelligence Inc. Deutsche Bank maintained shares on November 27 with “Buy” rating. Panmure Gordon maintained shares with “Buy” rating and GBX 1015 target share price in a report from an October 1. JP Morgan maintained GNK stock in a recent report from November 10 with “Overweight” rating. HSBC downgraded the rating on September 23. HSBC has a “Reduce” rating and a GBX 780 price target on shares. Finally, Jefferies maintained the stock with “Hold” rating in a report issued on an October 15.

Approximately 733,210 shares of stock traded hands or 35.14% up from the average. Greene King plc (LON:GNK) has risen 3.90% since May 5, 2015 and is uptrending. It has outperformed by 4.11% the S&P500.

Greene King PLC (LON:GNK)

Greene King plc is a United Kingdom pub and brewing company. The company has a market cap of 2.87 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 22.84 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.” Get a free copy of the Zacks research report on Greene King plc (GNK).