Greencore Group (LON:GNC) Share Price Passes Above Two Hundred Day Moving Average – Here’s Why

Greencore Group plc (LON:GNC)’s share price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 250.67 and traded as high as GBX 262. Greencore Group shares last traded at GBX 259, with a volume of 669,164 shares.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a GBX 300 price target on shares of Greencore Group in a research note on Monday, November 24th. Deutsche Bank Aktiengesellschaft began coverage on shares of Greencore Group in a research report on Tuesday, January 20th. They set a “buy” rating and a GBX 325 price target on the stock. Finally, Shore Capital Group reiterated a “house stock” rating on shares of Greencore Group in a report on Monday, January 19th. Two research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of GBX 312.50.

Greencore Group Stock Up 1.8%

The firm has a market capitalization of £2.05 billion, a price-to-earnings ratio of 20.56, a price-to-earnings-growth ratio of 0.10 and a beta of 0.83. The company has a quick ratio of 0.62, a current ratio of 0.68 and a debt-to-equity ratio of 42.22. The firm has a 50 day moving average of GBX 269.45 and a two-hundred day moving average of GBX 250.67.

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.