Is Selling 52-Week Stock Like Greene King plc a Winning Strategy?

 Is Selling 52 Week Stock Like Greene King plc a Winning Strategy?

The stock of Greene King plc (LON:GNK) hit a new 52-week low and has GBX 677.17 target or 4.00% below today’s GBX 705.39 share price. The 7 months bearish chart indicates high risk for the GBX 2.19B company. The 1-year low was reported on Nov, 28 by Barchart.com. If the GBX 677.17 price target is reached, the company will be worth GBX 87.60 million 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 decreased 1.00% or GBX 7.11 on November 28, hitting GBX 705.39. About 1.32 million shares traded hands or 49.51% up from the average. Greene King plc (LON:GNK) has declined 15.38% since April 28, 2016 and is downtrending. It has underperformed by 21.39% the S&P500.

Greene King plc (LON:GNK) Ratings Coverage

Out of 18 analysts covering Greene King PLC (LON:GNK), 12 rate it a “Buy”, 0 “Sell”, while 6 “Hold”. This means 67% are positive. GBX 1175 is the highest target while GBX 399 is the lowest. The GBX 931.63 average target is 32.07% above today’s (GBX 705.39) stock price. Greene King PLC has been the topic of 87 analyst reports since July 24, 2015 according to StockzIntelligence Inc. The rating was maintained by N+1 Singer on Friday, September 9 with “Buy”. Citigroup maintained the stock with “Buy” rating in Monday, September 7 report. Stifel Nicolaus maintained the shares of GNK in a report on Tuesday, February 16 with “Buy” rating. On Friday, April 22 the stock rating was maintained by Barclays Capital with “Overweight”. The firm has “Overweight” rating given on Friday, February 5 by Barclays Capital. The company was maintained on Friday, December 4 by JP Morgan. Deutsche Bank maintained the stock with “Buy” rating in Wednesday, January 20 report. Investec maintained it with “Buy” rating and GBX 882 target price in Wednesday, November 16 report. Deutsche Bank maintained the shares of GNK in a report on Thursday, June 9 with “Buy” rating. JP Morgan maintained the shares of GNK in a report on Wednesday, September 9 with “Overweight” rating.

More news for Greene King plc (LON:GNK) were recently published by: Uk.Finance.Yahoo.com, which released: “Greene King plc (GNK.L)” on March 29, 2014. Fool.Co.Uk‘s article titled: “Are J D Wetherspoon plc, Greene King plc and Whitbread plc the best Brexit …” and published on June 03, 2016 is yet another important article.

Greene King plc is an integrated pub retailer and brewer. The company has a market cap of 2.19 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 11.13 P/E ratio. The Company’s divisions include Pub Company, Pub Partners, and Brewing & Brands.

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