Reaffirmed: Greene King PLC (LON:GNK) “Buy” Rating Reconfirmed by equity analysts Deutsche Bank; GBX 1175.00 Target in Place


Greene King PLC (LON:GNK) Rating Reaffirmed

In an analyst note disseminated this morning, Deutsche Bank reaffirmed their “Buy” rating on Greene King PLC (LON:GNK) shares. The target price would indicate a possible upside of 22.01% from company’s last stock price.

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 0.30% above today’s (GBX 963) stock price. Greene King PLC was the topic of 28 analyst reports since July 24, 2015 according to the firm StockzIntelligence Inc. Canaccord Genuity maintained shares on December 2 with “Buy” rating. Jefferies maintained shares with “Hold” rating and GBX 840 target share price in a report from an October 15. Numis Securities maintained GNK stock in a recent report from December 2 with “Add” rating. Panmure Gordon maintained the rating on October 1. Panmure Gordon has a “Buy” rating and a GBX 1015 price target on shares. Finally, JP Morgan maintained the stock with “Overweight” rating in a report issued on a November 10.

The stock increased 13.09% or GBX 111.5 on December 2, striking GBX 963. Approximately 2.43M shares of stock traded hands or 347.88% up from the average. Greene King plc (LON:GNK) has risen 20.22% since May 6, 2015 and is uptrending. It has outperformed by 20.43% the S&P500.

Reaffirmed: Greene King PLC (LON:GNK)

Greene King plc is a United Kingdom pub and brewing company. The company has a market cap of 2.97 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 23.68 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).