The stock of Greene King plc (LON:GNK) hit a new 52-week low and has GBX 691.48 target or 7.00% below today’s GBX 743.53 share price. The 8 months bearish chart indicates high risk for the GBX 2.30 billion company. The 1-year low was reported on Nov, 10 by Barchart.com. If the GBX 691.48 price target is reached, the company will be worth GBX 161.00M less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock. The stock increased 1.58% or GBX 11.53 on November 10, hitting GBX 743.53. About 908,942 shares traded hands. Greene King plc (LON:GNK) has declined 15.96% since April 12, 2016 and is downtrending. It has underperformed by 21.61% the S&P500.
Greene King plc (LON:GNK) Ratings Coverage
Out of 17 analysts covering Greene King PLC (LON:GNK), 11 rate it a “Buy”, 0 “Sell”, while 6 “Hold”. This means 65% are positive. Greene King PLC has been the topic of 86 analyst reports since July 24, 2015 according to StockzIntelligence Inc. The rating was maintained by Deutsche Bank on Thursday, August 20 with “Buy”. The stock of Greene King plc (LON:GNK) earned “Buy” rating by Deutsche Bank on Friday, November 27. The firm has “Buy” rating given on Friday, September 9 by N+1 Singer. The stock of Greene King plc (LON:GNK) has “Overweight” rating given on Wednesday, February 17 by Barclays Capital. Goodbody maintained the shares of GNK in a report on Thursday, July 30 with “Buy” rating. The firm has “Buy” rating given on Thursday, June 9 by Deutsche Bank. Morgan Stanley maintained Greene King plc (LON:GNK) on Thursday, December 3 with “Equalwt/In-Line” rating. The rating was maintained by Deutsche Bank on Friday, March 18 with “Buy”. Barclays Capital maintained the stock with “Overweight” rating in Thursday, June 30 report. Canaccord Genuity maintained it with “Buy” rating and GBX 1100 target price in Monday, May 23 report.
More important recent Greene King plc (LON:GNK) news were published by: Marketwatch.com which released: “Wetherspoon, Greene King at odds on Brexit effect” on September 09, 2016, also Uk.Finance.Yahoo.com published article titled: “Greene King plc (GNK.L)”, Fool.Co.Uk published: “Are J D Wetherspoon plc, Greene King plc and Whitbread plc the best Brexit …” on June 03, 2016. More interesting news about Greene King plc (LON:GNK) was released by: Fool.Co.Uk and their article: “3 Stocks for Euro 2016: Sports Direct International plc, Greene King plc and …” with publication date: May 31, 2016.
Greene King plc is an integrated pub retailer and brewer. The company has a market cap of 2.30 billion GBP. The Firm 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. It has a 11.73 P/E ratio. The Company’s divisions include Pub Company, Pub Partners, and Brewing & Brands.
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