Greencore Group’s (GNC) House Stock Rating Reaffirmed at Shore Capital Group

Shore Capital Group reiterated their house stock rating on shares of Greencore Group (LON:GNC) in a research note released on Monday morning, Marketbeat reports.

Other research analysts also recently issued reports about the stock. Jefferies Financial Group reiterated a “hold” rating and issued a GBX 185 price target on shares of Greencore Group in a research report on Thursday, May 28th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a GBX 325 price objective on shares of Greencore Group in a research report on Thursday, May 28th. Finally, Berenberg Bank restated a “buy” rating and issued a GBX 351 price objective on shares of Greencore Group in a research note on Thursday, June 11th. Three analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of GBX 290.25.

Greencore Group Stock Performance

GNC opened at GBX 214.60 on Monday. The company has a current ratio of 0.74, a quick ratio of 0.62 and a debt-to-equity ratio of 80.03. The company has a market cap of £1.70 billion, a price-to-earnings ratio of 76.64, a PEG ratio of 0.10 and a beta of 0.81. The company’s 50 day moving average is GBX 209.28 and its 200 day moving average is GBX 241.74. Greencore Group has a 12-month low of GBX 191.10 and a 12-month high of GBX 307.50.

Insider Activity

In other news, insider Dalton Philips bought 35,700 shares of the company’s stock in a transaction that occurred on Friday, May 29th. The stock was bought at an average price of GBX 204 per share, with a total value of £72,828. Also, insider Leslie Van de Walle purchased 125,000 shares of the business’s stock in a transaction on Tuesday, June 9th. The stock was acquired at an average price of GBX 195 per share, with a total value of £243,750. Insiders have bought 296,700 shares of company stock worth $59,876,800 in the last three months. Company insiders own 1.14% of the company’s stock.

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.