Shore Capital Reaffirms “Buy” Rating for Greene King (GNK)

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Shore Capital reiterated their buy rating on shares of Greene King (LON:GNK) in a research report released on Tuesday.

Several other equities analysts have also weighed in on GNK. Liberum Capital reiterated a buy rating on shares of Greene King in a report on Thursday, November 29th. Peel Hunt reiterated a buy rating on shares of Greene King in a report on Thursday, November 29th. Royal Bank of Canada began coverage on shares of Greene King in a report on Tuesday, December 4th. They issued an outperform rating and a GBX 600 ($7.84) target price on the stock. Citigroup reiterated a buy rating on shares of Greene King in a report on Monday, September 10th. Finally, Numis Securities reiterated a reduce rating on shares of Greene King in a report on Monday, September 10th. Four research analysts have rated the stock with a sell rating and seven have assigned a buy rating to the stock. Greene King has an average rating of Hold and an average target price of GBX 574.44 ($7.51).

Shares of LON GNK opened at GBX 595.80 ($7.79) on Tuesday. Greene King has a 12-month low of GBX 479.86 ($6.27) and a 12-month high of GBX 768 ($10.04).

Greene King (LON:GNK) last announced its quarterly earnings data on Thursday, November 29th. The company reported GBX 33.10 ($0.43) earnings per share (EPS) for the quarter.

The business also recently disclosed a dividend, which will be paid on Friday, January 18th. Stockholders of record on Thursday, December 6th will be issued a GBX 8.80 ($0.11) dividend. The ex-dividend date is Thursday, December 6th. This represents a dividend yield of 1.64%.

About Greene King

Greene King plc operates as a pub retailer and brewer in the United Kingdom. The company operates through three segments: Pub Company, Pub Partners, and Brewing & Brands. Its brands include Greene King Local Pubs, Hungry Horse, Flaming Grill, Farmhouse Inns, and Chef & Brewer. The company is also involved in brewing, marketing, and selling beer under the Greene King IPA, Old Speckled Hen, Abbot Ale, and Belhaven Best brands.

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