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

Greencore Group plc (LON:GNC)’s share price passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 252.64 and traded as low as GBX 250. Greencore Group shares last traded at GBX 255.40, with a volume of 134,972,219 shares.

Analysts Set New Price Targets

Several research analysts have issued reports on the stock. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Greencore Group in a research report on Tuesday, January 20th. They issued a “buy” rating and a GBX 325 price target 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 equities research analysts have rated the stock with a Buy rating, According to MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of GBX 312.50.

Greencore Group Stock Performance

The company has a current ratio of 0.68, a quick ratio of 0.62 and a debt-to-equity ratio of 42.22. The stock has a market capitalization of £2.02 billion, a PE ratio of 20.27, a PEG ratio of 0.10 and a beta of 0.85. The firm’s 50-day simple moving average is GBX 253.95 and its two-hundred day simple moving average is GBX 252.64.

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.