MARKET TALK: Greene King FY Solid - Liberum

1st Jul 2010 12:49

1149 GMT [Dow Jones] Greene King's (GNK.LN) FY results are solid and in-line, while its current trading is excellent, says Liberum Capital. It notes pretax profit of GBP123M versus the brokerage's estimate of GBP120.3M and EPS of 43.4p versus Liberum's 42.8p forecast. It says managed pub trading is excellent, while tenanted pub trading continues to improve. It says the stock's valuation remains attractive, adding that there are no short--term debt maturity issues. Buy rating, 500p target. Shares +1% at 396p. ([email protected]) Contact us in London. +44-20-7842-9464 [email protected] (END) Dow Jones Newswires July 01, 2010 07:49 ET (11:49 GMT)

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