Greencore Group plc Receives Average Recommendation of “Buy” from Brokerages (LON:GNC)
Shares of Greencore Group plc (LON:GNC) have received a consensus rating of “Buy” from the eight brokerages that are covering the company, Analyst Ratings.Net 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 target price among brokers that have updated their coverage on the stock in the last year is GBX 287.83 ($4.89).
Several analysts have recently commented on the stock. Analysts at Numis Securities Ltd reiterated an “add” rating on shares of Greencore Group plc in a research note on Wednesday. They now have a GBX 320 ($5.43) price target on the stock. Separately, analysts at Shore Capital reiterated a “hold” rating on shares of Greencore Group plc in a research note on Tuesday. Finally, analysts at Oriel Securities Ltd reiterated a “buy” rating on shares of Greencore Group plc in a research note on Monday. They now have a GBX 275 ($4.67) price target on the stock.
Shares of Greencore Group plc (LON:GNC) opened at 259.40 on Monday. Greencore Group plc has a 1-year low of GBX 135.10 and a 1-year high of GBX 303.90. The stock’s 50-day moving average is GBX 272.9 and its 200-day moving average is GBX 265.0. The company’s market cap is £1.037 billion.
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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