Greencore Group (LON:GNC) Shares Cross Below 200-Day Moving Average – Here’s What Happened

Greencore Group plc (LON:GNC)’s stock price crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 242.56 and traded as low as GBX 236. Greencore Group shares last traded at GBX 238, with a volume of 1,981,292 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Royal Bank Of Canada reaffirmed an “outperform” rating and set a GBX 300 price target on shares of Greencore Group in a research note on Monday, November 24th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of GBX 300.

Greencore Group Stock Performance

The company has a current ratio of 0.70, a quick ratio of 0.62 and a debt-to-equity ratio of 55.60. The company’s 50-day moving average is GBX 242.19 and its two-hundred day moving average is GBX 242.56. The stock has a market capitalization of £1.03 billion, a P/E ratio of 18.89, a P/E/G ratio of 0.10 and a beta of 1.19.

Insider Activity at Greencore Group

In other Greencore Group news, insider Leslie Van de Walle acquired 40,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 19th. The stock was acquired at an average cost of GBX 236 per share, with a total value of £94,400. Also, insider Dalton Philips bought 1,560,113 shares of the business’s stock in a transaction on Monday, December 8th. The shares were acquired at an average cost of GBX 1 per share, for a total transaction of £15,601.13. Insiders own 1.61% of the company’s stock.

Greencore Group Company Profile

We are a leading manufacturer of convenience food in the UK and our purpose is to make every day taste better. To help us achieve this we have a model called The Greencore Way, which is built on the differentiators of People at the Core, Great Food, Delivery Excellence, Lasting Partnerships and Sustainable Choices – The Greencore Way describes both who we are and how we will succeed.

We supply all of the major supermarkets in the UK. We also supply convenience and travel retail outlets, discounters, coffee shops, foodservice and other retailers.