09 September, 2017
The stock was acquired at an average cost of GBX 659 ($8.51) per share, with a total value of £13,180 ($17,021.83).
"We remain cautious about the trading environment and expect the challenges of weaker consumer confidence, increased costs and increasing competition to persist over the near term", Greene King said in a trading update ahead of its annual meeting.
Shares in insurer Direct Line (LON:DLG) rose 0.58% as the company announced the appointment of Prudential's Chief Risk Officer Penny James as their CFO-designate. The company's 50 day moving average is GBX 668.80 and its 200 day moving average is GBX 697.20.
Greene King PLC has PE ratio of 11.92 with a one year low of 559.00GBX and a one year high of 847.00GBX and has a market capitalization of 0 GBX.
Neil Wilson, senior market analyst, said Greene King's statement signalled "weakness in consumer spending and confidence". This represents a yield of 3.54%. The original version of this piece of content can be read at https://www.dispatchtribunal.com/2017/09/08/greene-king-plc-gnk-pt-lowered-to-gbx-667-at-investec.html. If you are accessing this article on another publication, it was illegally stolen and reposted in violation of US and global trademark and copyright laws.
Greene King shares were down more than 14% in early trading on Friday and by 1030 BST were nearly 13% lower at 574.29p, with peers Mitchells & Butler, JD Wetherspoon, Fullers and most of all Marston's all pulled down with it. HSBC Holdings plc lowered shares of Greene King plc to a "reduce" rating and lowered their price target for the stock from GBX 680 ($8.78) to GBX 595 ($7.68) in a research report on Friday, September 1st. Numis Securities Ltd reiterated a "hold" rating and set a GBX 670 ($8.65) price objective on shares of Greene King plc in a research note on Thursday, June 29th. Liberum Capital started coverage on shares of Greene King plc in a research report on Wednesday, July 5th. Three equity analysts rating the company a strong buy, six equity analysts rating the company a buy, four equity analysts rating the company a hold, one equity analyst rating the company a underperform, and finally zero equity analysts rating the company a sell with a one year target of 963.85GBX. The stock presently has an average rating of "Hold" and a consensus price target of GBX 789.17 ($10.19).
Greene King plc is an integrated pub retailer and brewer.
