Greencore Group’s (GNC) Buy Rating Reaffirmed at Berenberg Bank

Berenberg Bank reiterated their buy rating on shares of Greencore Group (LON:GNC) in a research note published on Thursday,Digital Look reports. The brokerage currently has a GBX 351 price target on the stock.

A number of other research firms have also recently commented on GNC. Jefferies Financial Group reiterated a “hold” rating and set a GBX 185 price target on shares of Greencore Group in a report on Thursday, May 28th. Shore Capital Group restated a “house stock” rating on shares of Greencore Group in a report on Monday. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a GBX 325 price objective on shares of Greencore Group in a research report on Thursday, May 28th. 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 has a consensus rating of “Moderate Buy” and a consensus target price of GBX 290.25.

Greencore Group Stock Up 1.2%

LON:GNC opened at GBX 243.40 on Thursday. The company has a debt-to-equity ratio of 80.03, a quick ratio of 0.62 and a current ratio of 0.74. The firm has a market cap of £1.93 billion, a P/E ratio of 86.93, a P/E/G ratio of 0.10 and a beta of 0.81. Greencore Group has a fifty-two week low of GBX 191.10 and a fifty-two week high of GBX 307.50. The firm has a 50-day simple moving average of GBX 209.52 and a two-hundred day simple moving average of GBX 241.39.

Insider Buying and Selling at Greencore Group

In related news, insider Dalton Philips purchased 35,700 shares of the company’s stock in a transaction dated Friday, May 29th. The shares were purchased at an average price of GBX 204 per share, with a total value of £72,828. Also, insider Alastair S. N. Murray purchased 25,000 shares of Greencore Group stock in a transaction dated Friday, May 29th. The stock was bought at an average price of GBX 205 per share, with a total value of £51,250. In the last 90 days, insiders have purchased 646,700 shares of company stock worth $143,176,800. Company insiders own 1.14% of the company’s stock.

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.