Greene King’s (GNK) Sell Rating Reiterated at Berenberg Bank

Greene King (LON:GNK)‘s stock had its “sell” rating reissued by stock analysts at Berenberg Bank in a note issued to investors on Monday. They presently have a GBX 450 ($6.10) price objective on the stock. Berenberg Bank’s price objective would suggest a potential downside of 19.59% from the stock’s current price.

Other equities analysts also recently issued reports about the stock. Barclays reiterated an “overweight” rating and issued a GBX 635 ($8.61) price objective on shares of Greene King in a report on Wednesday, November 29th. Numis Securities reiterated a “hold” rating and issued a GBX 595 ($8.07) price objective on shares of Greene King in a report on Thursday, November 30th. Liberum Capital reiterated a “buy” rating and issued a GBX 720 ($9.76) price objective on shares of Greene King in a report on Thursday, November 30th. HSBC decreased their price objective on shares of Greene King from GBX 510 ($6.92) to GBX 485 ($6.58) and set a “reduce” rating on the stock in a report on Wednesday, December 6th. Finally, Peel Hunt reiterated an “add” rating and issued a GBX 600 ($8.14) price objective on shares of Greene King in a report on Friday, January 5th. Four analysts have rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of GBX 571.36 ($7.75).

Greene King (LON:GNK) traded down GBX 17.60 ($0.24) during trading hours on Monday, hitting GBX 559.60 ($7.59). 1,321,414 shares of the company’s stock traded hands, compared to its average volume of 1,420,000. Greene King has a 12-month low of GBX 490.08 ($6.65) and a 12-month high of GBX 768 ($10.41). The firm has a market capitalization of $1,760.00 and a P/E ratio of 999.29.

Greene King (LON:GNK) last released its quarterly earnings data on Thursday, November 30th. The company reported GBX 33 ($0.45) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of GBX 34 ($0.46) by GBX (1) (($0.01)). Greene King had a net margin of 9.38% and a return on equity of 10.64%. The company had revenue of GBX 103.14 billion during the quarter.

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Greene King Company Profile

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.

Analyst Recommendations for Greene King (LON:GNK)

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