Greencore Group (LON:GNC) Now Covered by Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft started coverage on shares of Greencore Group (LON:GNC) in a research note published on Tuesday, Marketbeat reports. The brokerage issued a buy rating and a GBX 325 price target on the stock.

Other equities research analysts also recently issued research reports about the company. Royal Bank Of Canada reaffirmed an “outperform” rating and set a GBX 300 price objective on shares of Greencore Group in a research report on Monday, November 24th. Shore Capital restated a “house stock” rating on shares of Greencore Group in a report on Monday. Two research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Greencore Group currently has an average rating of “Buy” and an average target price of GBX 312.50.

Greencore Group Stock Down 2.2%

Shares of LON GNC opened at GBX 271 on Tuesday. Greencore Group has a 12-month low of GBX 162.60 and a 12-month high of GBX 281. The stock’s fifty day simple moving average is GBX 246.49 and its two-hundred day simple moving average is GBX 244.31. The stock has a market capitalization of £1.17 billion, a PE ratio of 21.51, a price-to-earnings-growth ratio of 0.10 and a beta of 1.19. The company has a current ratio of 0.70, a quick ratio of 0.62 and a debt-to-equity ratio of 55.60.

Insiders Place Their Bets

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