Greencore Group (LON:GNC) Stock Passes Below Two Hundred Day Moving Average – Time to Sell?

Greencore Group plc (LON:GNC) shares passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 250.69 and traded as low as GBX 244.15. Greencore Group shares last traded at GBX 244.40, with a volume of 7,735,626 shares.

Wall Street Analysts Forecast Growth

GNC has been the topic of several research reports. Shore Capital Group reissued a “house stock” rating on shares of Greencore Group in a research note on Monday, January 19th. Deutsche Bank Aktiengesellschaft initiated coverage on Greencore Group in a research note on Tuesday, January 20th. They set a “buy” rating and a GBX 325 target price on the stock. Two analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Greencore Group currently has an average rating of “Buy” and a consensus target price of GBX 312.50.

Greencore Group Trading Down 0.1%

The company has a 50 day moving average of GBX 263.81 and a 200-day moving average of GBX 250.69. The company has a debt-to-equity ratio of 42.22, a quick ratio of 0.62 and a current ratio of 0.68. The stock has a market cap of £1.94 billion, a price-to-earnings ratio of 19.38, a price-to-earnings-growth ratio of 0.10 and a beta of 0.85.

About Greencore Group

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.

Greencore is the UK’s leading convenience food manufacturer. We bring industry-leading innovation to create high-quality, fresh and convenient food to customers and consumers.