Shares of Greencore Group plc (LON:GNC) have received an average recommendation of “Buy” from the nine research firms that are covering the firm, MarketBeat Ratings reports. Eight investment analysts have rated the stock with a buy recommendation. The average 1-year target price among brokers that have covered the stock in the last year is GBX 292.50 ($3.97).

A number of research firms recently issued reports on GNC. Kepler Capital Markets decreased their price objective on Greencore Group from GBX 300 ($4.07) to GBX 290 ($3.93) and set a “buy” rating on the stock in a research note on Tuesday, September 19th. Whitman Howard reiterated a “buy” rating and set a GBX 310 ($4.20) price objective on shares of Greencore Group in a research note on Friday, September 22nd. Numis Securities reiterated a “buy” rating and set a GBX 300 ($4.07) price objective on shares of Greencore Group in a research note on Tuesday, October 3rd. Shore Capital reiterated an “under review” rating on shares of Greencore Group in a research note on Tuesday, November 28th. Finally, Berenberg Bank decreased their price objective on Greencore Group from GBX 340 ($4.61) to GBX 305 ($4.14) and set a “buy” rating on the stock in a research note on Monday, December 11th.

In related news, insider Patrick F. Coveney sold 97,978 shares of the business’s stock in a transaction dated Monday, December 18th. The stock was sold at an average price of GBX 217 ($2.94), for a total transaction of £212,612.26 ($288,326.91).

Shares of Greencore Group (GNC) traded down GBX 0.80 ($0.01) during trading on Tuesday, reaching GBX 220.90 ($3.00). The company had a trading volume of 2,760,000 shares, compared to its average volume of 3,740,000. The company has a market capitalization of $1,560.00 and a price-to-earnings ratio of 11,045.00. Greencore Group has a 1-year low of GBX 180.40 ($2.45) and a 1-year high of GBX 265.30 ($3.60).

The firm also recently announced a dividend, which will be paid on Thursday, April 5th. Investors of record on Thursday, December 7th will be given a dividend of GBX 3.37 ($0.05) per share. This represents a yield of 1.59%. This is a boost from Greencore Group’s previous dividend of $2.10. The ex-dividend date is Thursday, December 7th.

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Greencore Group 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.

Analyst Recommendations for Greencore Group (LON:GNC)

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