Greencore Group plc (GNC) Rating Reiterated by Whitman Howard
Greencore Group plc (LON:GNC)‘s stock had its “buy” rating restated by equities research analysts at Whitman Howard in a research note issued to investors on Thursday. They currently have a GBX 310 ($4.00) target price on the stock. Whitman Howard’s target price suggests a potential upside of 50.70% from the company’s previous close.
Several other brokerages have also recently weighed in on GNC. Peel Hunt restated a “buy” rating and set a GBX 300 ($3.87) target price on shares of Greencore Group plc in a report on Tuesday, July 11th. Jefferies Group LLC reiterated a “buy” rating and issued a GBX 300 ($3.87) price objective on shares of Greencore Group plc in a report on Wednesday, June 21st. Kepler Capital Markets reiterated a “buy” rating and issued a GBX 300 ($3.87) price objective on shares of Greencore Group plc in a report on Thursday, July 27th. Investec reiterated a “buy” rating and issued a GBX 322 ($4.16) price objective on shares of Greencore Group plc in a report on Wednesday, June 21st. Finally, Berenberg Bank decreased their price objective on Greencore Group plc from GBX 350 ($4.52) to GBX 340 ($4.39) and set a “buy” rating on the stock in a report on Friday, May 26th. Ten equities research analysts have rated the stock with a buy rating, The company presently has an average rating of “Buy” and a consensus price target of GBX 309 ($3.99).
Shares of Greencore Group plc (LON GNC) traded down 0.15% during trading on Thursday, reaching GBX 205.70. The company had a trading volume of 1,623,614 shares. The company’s market capitalization is GBX 1.45 billion. Greencore Group plc has a 52 week low of GBX 182.30 and a 52 week high of GBX 295.89. The stock’s 50-day moving average price is GBX 216.82 and its 200-day moving average price is GBX 237.82.
In other news, insider Kevin F. O’Malley bought 19,500 shares of the business’s stock in a transaction on Tuesday, August 29th. The shares were bought at an average price of GBX 198 ($2.56) per share, with a total value of £38,610 ($49,864.39). Also, insider Patrick Gary Kennedy bought 10,000 shares of the business’s stock in a transaction on Thursday, August 24th. The stock was purchased at an average cost of GBX 196 ($2.53) per share, for a total transaction of £19,600 ($25,313.19). In the last three months, insiders acquired 64,500 shares of company stock worth $12,681,000.
Greencore Group plc Company Profile
Greencore Group plc is a manufacturer of convenience food. The Company’s segments include Convenience Foods, and Ingredients & Property. The Convenience Foods segment includes Convenience Foods UK and Convenience Foods US. The Convenience Foods segment consists of Food to Go, Prepared Meals, Grocery and US.
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