Greencore Group plc Upgraded to Buy by Investec (GNC)
Greencore Group plc (LON:GNC) was upgraded by Investec to a “buy” rating in a research note issued on Tuesday. The firm currently has a GBX 278 ($4.68) price target on the stock, up from their previous price target of GBX 273 ($4.59). Investec’s price target points to a potential upside of 12.51% from the company’s current price.
Shares of Greencore Group plc (LON:GNC) opened at 265.00 on Tuesday. Greencore Group plc has a 52 week low of GBX 117.00 and a 52 week high of GBX 303.90. The stock’s 50-day moving average is GBX 261.4 and its 200-day moving average is GBX 237.9. The company’s market cap is £1.049 billion.
A number of other firms have also recently commented on GNC. Analysts at Goodbody Stockbrokers Ltd reiterated a “hold” rating on shares of Greencore Group plc in a research note on Monday. Separately, analysts at Panmure Gordon reiterated a “buy” rating on shares of Greencore Group plc in a research note on Friday. They now have a GBX 292 ($4.91) price target on the stock. Finally, analysts at Jefferies Group reiterated a “buy” rating on shares of Greencore Group plc in a research note on Thursday, May 15th. They now have a GBX 320 ($5.38) price target on the stock. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of GBX 299.75 ($5.04).
Greencore Group plc is engaged in the convenience food business. The Company’s two markets are the United Kingdom and the United States where the Company provides a range of food to go products supplemented by other chilled, frozen and ambient foods to major retail and food service customers.
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