Greencore Group plc Rating Increased to Add at Numis Securities Ltd (GNC)
Greencore Group plc (LON:GNC) was upgraded by Numis Securities Ltd from a “hold” rating to an “add” rating in a research note issued on Wednesday, StockRatingsNetwork reports. The firm currently has a GBX 153 ($2.45) price objective on the stock. Numis Securities Ltd’s price target points to a potential upside of 9.48% from the company’s current price.
A number of other firms have also recently commented on GNC. Analysts at Shore Capital Stockbrokers reiterated a “hold” rating on shares of Greencore Group plc (LON:GNC) in a research note to investors on Monday. Separately, analysts at Panmure Gordon reiterated a “buy” rating on shares of Greencore Group plc (LON:GNC) in a research note to investors on Wednesday, September 18th. They now have a GBX 165 ($2.64) price target on the stock. Finally, analysts at Davy Research reiterated an “outperform” rating on shares of Greencore Group plc (LON:GNC) in a research note to investors on Wednesday, July 31st.
One research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. Greencore Group plc currently has an average rating of “Buy” and a consensus price target of GBX 161.33 ($2.58).
Shares of Greencore Group plc (LON:GNC) opened at 144.10 on Wednesday. Greencore Group plc has a one year low of GBX 79.35 and a one year high of GBX 156.00. The stock has a 50-day moving average of GBX 148.8 and a 200-day moving average of GBX 128.0. The company’s market cap is £564.2 million.
Greencore Group plc is Ireland-based international manufacturer of convenience foods. The Company is a producer of convenience foods with market leadership positions in the UK convenience food market across sandwiches, chilled prepared meals, chilled soups and sauces, cooking sauces and pickles, cakes and desserts and Yorkshire puddings and has an extending presence outside the UK with a fast-growing convenience food business in the US.
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