Greencore Group (LON:GNC) Share Price Passes Below 200-Day Moving Average – Time to Sell?

Greencore Group plc (LON:GNC) crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 250.70 and traded as low as GBX 242. Greencore Group shares last traded at GBX 244.65, with a volume of 4,839,807 shares trading hands.

Analyst Ratings Changes

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

Greencore Group Trading Up 2.5%

The company’s fifty day moving average is GBX 267.62 and its two-hundred day moving average is GBX 250.70. The stock has a market cap of £1.97 billion, a price-to-earnings ratio of 19.72, a PEG 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.

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.