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).
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.
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