Greene King plc (LON:GNK) Coverage Initiated by Analysts at Peel Hunt

Peel Hunt assumed coverage on shares of Greene King plc (LON:GNK) in a research report sent to investors on Thursday morning. The brokerage issued an add rating and a GBX 750 ($9.89) price objective on the stock.

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Several other research analysts have also recently commented on the company. Numis Securities Ltd cut Greene King plc to a hold rating and set a GBX 790 ($10.42) price target on the stock. in a research note on Monday, May 8th. J P Morgan Chase & Co cut Greene King plc to a neutral rating and cut their price target for the stock from GBX 810 ($10.68) to GBX 750 ($9.89) in a research note on Friday, June 30th. Deutsche Bank AG reiterated a buy rating and issued a GBX 875 ($11.54) price target on shares of Greene King plc in a research note on Tuesday, June 20th. Liberum Capital initiated coverage on Greene King plc in a research note on Wednesday, July 5th. They issued a buy rating and a GBX 840 ($11.08) price target on the stock. Finally, Canaccord Genuity reiterated a buy rating and issued a GBX 850 ($11.21) price target on shares of Greene King plc in a research note on Friday, June 30th. Six investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The stock presently has an average rating of Buy and a consensus price target of GBX 812.27 ($10.71).

Shares of Greene King plc (LON:GNK) traded up 0.79% during midday trading on Thursday, hitting GBX 699.50. The stock had a trading volume of 798,383 shares. The stock has a 50 day moving average of GBX 683.76 and a 200-day moving average of GBX 701.47. Greene King plc has a one year low of GBX 642.00 and a one year high of GBX 847.00. The company’s market cap is GBX 2.17 billion.

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The company also recently disclosed a dividend, which will be paid on Friday, September 15th. Shareholders of record on Thursday, August 10th will be paid a dividend of GBX 24.40 ($0.32) per share. The ex-dividend date of this dividend is Thursday, August 10th. This represents a yield of 3.54%. This is a boost from Greene King plc’s previous dividend of $8.80.

In other news, insider Rooney Anand sold 6,293 shares of the stock in a transaction that occurred on Wednesday, August 2nd. The stock was sold at an average price of GBX 693 ($9.14), for a total transaction of £43,610.49 ($57,526.04).

Greene King plc 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.