Greencore Group (LON:GNC) Share Price Crosses Below Two Hundred Day Moving Average – Here’s What Happened

Shares of Greencore Group plc (LON:GNC) crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 251.36 and traded as low as GBX 247.80. Greencore Group shares last traded at GBX 251.20, with a volume of 26,964,117 shares trading hands.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on GNC. Deutsche Bank Aktiengesellschaft started coverage on shares of Greencore Group in a research note on Tuesday, January 20th. They issued a “buy” rating and a GBX 325 price objective on the stock. Shore Capital Group restated a “house stock” rating on shares of Greencore Group in a research report on Monday, January 19th. Two analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of GBX 312.50.

Greencore Group Stock Up 1.1%

The stock’s 50 day simple moving average is GBX 258 and its 200 day simple moving average is GBX 251.36. 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 firm has a market cap of £1.99 billion, a P/E ratio of 19.94, a price-to-earnings-growth ratio of 0.10 and a beta of 0.85.

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.

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.