Greencore Group plc Receives Consensus Rating of “Buy” from Brokerages (LON:GNC)
Shares of Greencore Group plc (LON:GNC) have been given an average recommendation of “Buy” by the eight ratings firms that are covering the company, American Banking News.com reports. Three equities research analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average twelve-month price target among analysts that have covered the stock in the last year is GBX 302.50 ($5.09).
Several analysts have recently commented on the stock. Analysts at Numis Securities Ltd raised their price target on shares of Greencore Group plc from GBX 309 ($5.20) to GBX 320 ($5.38) in a research note on Tuesday, May 27th. They now have an “add” rating on the stock. Separately, analysts at Davy Research reiterated an “outperform” rating on shares of Greencore Group plc in a research note on Tuesday, May 20th. Finally, 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 ($4.67) price target on the stock, up previously from GBX 273 ($4.59).
Greencore Group plc (LON:GNC) opened at 272.00 on Wednesday. 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 270.7 and its 200-day moving average is GBX 248.5. The company’s market cap is £1.087 billion.
The company also recently announced a dividend, which is scheduled for Friday, October 3rd. Investors of record on Wednesday, June 4th will be paid a dividend of GBX 2.20 ($0.04) per share. This represents a dividend yield of 0.85%. The ex-dividend date 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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