Liberum Capital cut shares of Greene King (LON:GNK) to a hold rating in a research report sent to investors on Tuesday morning, Digital Look reports. The firm currently has GBX 850 ($11.11) target price on the stock, up from their previous target price of GBX 790 ($10.32).
Several other equities research analysts also recently issued reports on GNK. Numis Securities restated a reduce rating and set a GBX 550 ($7.19) target price on shares of Greene King in a research report on Wednesday, May 1st. Royal Bank of Canada increased their target price on Greene King from GBX 600 ($7.84) to GBX 700 ($9.15) and gave the stock an outperform rating in a research report on Friday, April 26th. Berenberg Bank restated a sell rating and set a GBX 450 ($5.88) target price on shares of Greene King in a research report on Monday, July 29th. Peel Hunt restated a buy rating on shares of Greene King in a research report on Thursday, July 4th. Finally, Barclays restated an overweight rating and set a GBX 630 ($8.23) target price on shares of Greene King in a research report on Monday, July 1st. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the stock. The company has a consensus rating of Hold and an average target price of GBX 747.73 ($9.77).
LON:GNK opened at GBX 841.20 ($10.99) on Tuesday. The company has a market cap of $2.61 billion and a P/E ratio of 21.74. The stock’s fifty day moving average price is GBX 633.54 and its two-hundred day moving average price is GBX 637.62. Greene King has a 1 year low of GBX 466.90 ($6.10) and a 1 year high of GBX 865.80 ($11.31). The company has a debt-to-equity ratio of 111.89, a current ratio of 0.67 and a quick ratio of 0.51.
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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