Greencore Group (LON:GNC) Price Target Raised to GBX 384

Greencore Group (LON:GNC) had its price target raised by Berenberg Bank from GBX 351 to GBX 384 in a report issued on Wednesday,Digital Look reports. They currently have a buy rating on the stock.

GNC has been the subject of several other reports. Shore Capital Group reaffirmed a “house stock” rating on shares of Greencore Group in a report on Monday, July 20th. Royal Bank Of Canada raised shares of Greencore Group to an “outperform” rating and increased their price target for the stock from GBX 330 to GBX 345 in a report on Wednesday, July 29th. Finally, Jefferies Financial Group reissued a “hold” rating and set a GBX 185 price target on shares of Greencore Group in a report on Tuesday. Three equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of GBX 309.75.

Greencore Group Trading Up 1.1%

Greencore Group stock opened at GBX 276.26 on Wednesday. The company has a current ratio of 0.74, a quick ratio of 0.62 and a debt-to-equity ratio of 80.03. Greencore Group has a 12 month low of GBX 191.10 and a 12 month high of GBX 307.50. The stock’s 50 day simple moving average is GBX 256.83 and its two-hundred day simple moving average is GBX 237.84. The firm has a market cap of £2.21 billion, a PE ratio of 98.66, a P/E/G ratio of 0.10 and a beta of 0.85.

Insider Transactions at Greencore Group

In other Greencore Group news, insider Leslie Van de Walle purchased 350,000 shares of the stock in a transaction on Wednesday, July 22nd. The shares were bought at an average price of GBX 238 per share, for a total transaction of £833,000. Corporate insiders own 1.19% 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.