Greencore Group (LON:GNC) Shares Pass Below Two Hundred Day Moving Average – Here’s Why

Greencore Group plc (LON:GNC)’s stock price passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 252.55 and traded as low as GBX 235.80. Greencore Group shares last traded at GBX 242, with a volume of 3,517,863 shares traded.

Analyst Ratings Changes

Separately, Berenberg Bank reaffirmed a “buy” rating and issued a GBX 351 target price on shares of Greencore Group in a research report on Friday, May 15th. Three equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of GBX 325.33.

Greencore Group Trading Up 3.6%

The company has a market cap of £1.92 billion, a P/E ratio of 19.21, a PEG ratio of 0.10 and a beta of 0.84. The stock’s 50 day moving average is GBX 245.16 and its 200-day moving average is GBX 252.55. The company has a current ratio of 0.68, a quick ratio of 0.62 and a debt-to-equity ratio of 42.22.

About Greencore Group

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.