Greencore Group plc (GNC) Receives Average Rating of “Buy” from Brokerages
Shares of Greencore Group plc (LON:GNC) have been assigned an average recommendation of “Buy” from the ten research firms that are currently covering the firm, MarketBeat reports. Ten equities research analysts have rated the stock with a buy recommendation. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is GBX 307.75 ($4.06).
GNC has been the subject of several analyst reports. Whitman Howard reissued a “buy” rating and issued a GBX 310 ($4.09) target price on shares of Greencore Group plc in a research note on Thursday, September 7th. Peel Hunt reaffirmed a “buy” rating and set a GBX 300 ($3.96) price target on shares of Greencore Group plc in a report on Thursday, August 24th. Shore Capital reaffirmed a “buy” rating on shares of Greencore Group plc in a report on Thursday, August 24th. Numis Securities Ltd reaffirmed a “buy” rating and set a GBX 300 ($3.96) price target (up previously from GBX 285 ($3.76)) on shares of Greencore Group plc in a report on Thursday, August 24th. Finally, Berenberg Bank reaffirmed a “buy” rating and set a GBX 340 ($4.49) price target on shares of Greencore Group plc in a report on Friday, July 28th.
In other news, insider Thomas Sampson bought 35,000 shares of the company’s stock in a transaction dated Friday, August 25th. The stock was bought at an average price of GBX 196 ($2.59) per share, with a total value of £68,600 ($90,525.20). Also, insider Eoin Tonge bought 25,000 shares of the company’s stock in a transaction dated Friday, September 15th. The shares were purchased at an average cost of GBX 187 ($2.47) per share, with a total value of £46,750 ($61,691.74). Insiders have bought 89,500 shares of company stock valued at $17,356,000 in the last three months.
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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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