Greencore Group plc Price Target Raised to GBX 320 at Numis Securities Ltd (GNC)
Analysts at Numis Securities Ltd lifted their target price on shares of Greencore Group plc (LON:GNC) from GBX 309 ($5.20) to GBX 320 ($5.39) in a research report issued to clients and investors on Tuesday. The firm currently has an “add” rating on the stock. Numis Securities Ltd’s price objective would suggest a potential upside of 14.08% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at Davy Research reiterated an “outperform” rating on shares of Greencore Group plc in a research note on Tuesday, May 20th. Separately, analysts at Investec upgraded shares of Greencore Group plc to a “buy” rating in a research note on Tuesday, May 20th. They now have a GBX 278 ($4.68) price target on the stock, up previously from GBX 273 ($4.60). Finally, analysts at Goodbody Stockbrokers Ltd reiterated a “hold” rating on shares of Greencore Group plc in a research note on Monday, May 19th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of GBX 302.50 ($5.09).
Greencore Group plc (LON:GNC) traded up 3.39% on Tuesday, hitting GBX 290.00. 787,374 shares of the company’s stock traded hands. Greencore Group plc has a one year low of GBX 125.00 and a one year high of GBX 303.90. The stock’s 50-day moving average is GBX 262.0 and its 200-day moving average is GBX 241.6. The company’s market cap is £1.159 billion.
The company also recently declared a dividend, which is scheduled for Friday, October 3rd. Stockholders of record on Wednesday, June 4th will be given a dividend of GBX 2.20 ($0.04) per share. This represents a yield of 0.85%. The ex-dividend date of this dividend is Wednesday, June 4th.
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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