Greencore Group (LON:GNC) Share Price Crosses Above 200 Day Moving Average – Should You Sell?

Greencore Group plc (LON:GNC) passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 241.98 and traded as high as GBX 264.60. Greencore Group shares last traded at GBX 260.95, with a volume of 9,351,493 shares changing hands.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on GNC shares. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 351 price objective on shares of Greencore Group in a research note on Thursday, July 23rd. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a GBX 325 target price on shares of Greencore Group in a research report on Thursday, May 28th. Jefferies Financial Group reissued a “hold” rating and issued a GBX 185 price objective on shares of Greencore Group in a research note on Thursday, May 28th. Shore Capital Group restated a “house stock” rating on shares of Greencore Group in a report on Monday, July 20th. Finally, Royal Bank Of Canada raised shares of Greencore Group to an “outperform” rating and upped their target price for the stock from GBX 330 to GBX 345 in a research note on Wednesday, July 29th. Three equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, Greencore Group presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 301.50.

Greencore Group Price Performance

The stock’s 50 day moving average is GBX 213.48 and its two-hundred day moving average is GBX 241.98. The company has a debt-to-equity ratio of 80.03, a current ratio of 0.74 and a quick ratio of 0.62. The stock has a market capitalization of £2.08 billion, a PE ratio of 93.64, a price-to-earnings-growth ratio of 0.10 and a beta of 0.84.

Insider Buying and Selling

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