Greencore Group plc Receives Outperform Rating from Davy Research (GNC)
Greencore Group plc (LON:GNC)‘s stock had its “outperform” rating restated by investment analysts at Davy Research in a note issued to investors on Friday, Stock Ratings Network.com reports.
GNC has been the subject of a number of other recent research reports. Analysts at Jefferies Group initiated coverage on shares of Greencore Group plc in a research note to investors on Tuesday. They set a “buy” rating and a GBX 275 ($4.51) price target on the stock. Separately, analysts at Panmure Gordon downgraded shares of Greencore Group plc to a “hold” rating in a research note to investors on Wednesday, January 8th. They now have a GBX 215 ($3.53) price target on the stock, up previously from GBX 210 ($3.45). Finally, analysts at Investec downgraded shares of Greencore Group plc to an “add” rating in a research note to investors on Tuesday, January 7th. They now have a GBX 225 ($3.69) price target on the stock, up previously from GBX 217 ($3.56). Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Greencore Group plc presently has an average rating of “Buy” and an average price target of GBX 224.75 ($3.69).
Shares of Greencore Group plc (LON:GNC) traded down 3.98% during mid-day trading on Friday, hitting GBX 241.00. 2,672,371 shares of the company’s stock traded hands. Greencore Group plc has a 1-year low of GBX 79.35 and a 1-year high of GBX 253.90. The stock’s 50-day moving average is GBX 218. and its 200-day moving average is GBX 175.0. The company’s market cap is £953.6 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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