Shares of Greencore Group plc (LON:GNC) have earned an average recommendation of “Buy” from the nine analysts that are covering the company, Marketbeat.com reports. Nine analysts have rated the stock with a buy recommendation. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is GBX 283.13 ($3.97).
A number of research analysts have recently weighed in on GNC shares. Numis Securities reissued a “buy” rating and issued a GBX 300 ($4.21) price target on shares of Greencore Group in a research note on Tuesday, November 28th. Shore Capital reissued an “under review” rating on shares of Greencore Group in a research note on Tuesday, November 28th. Peel Hunt reissued a “buy” rating and issued a GBX 250 ($3.51) price target on shares of Greencore Group in a research note on Tuesday, January 30th. Kepler Capital Markets cut their price target on Greencore Group from GBX 290 ($4.07) to GBX 250 ($3.51) and set a “buy” rating on the stock in a research note on Wednesday, November 22nd. Finally, Berenberg Bank cut their price target on Greencore Group from GBX 340 ($4.77) to GBX 305 ($4.28) and set a “buy” rating on the stock in a research note on Monday, December 11th.
Shares of Greencore Group (LON GNC) traded up GBX 1.95 ($0.03) on Friday, reaching GBX 190.65 ($2.67). The company’s stock had a trading volume of 5,338,956 shares, compared to its average volume of 5,610,000. The company has a market cap of $1,330.00 and a price-to-earnings ratio of 9,532.50. Greencore Group has a 52-week low of GBX 180.40 ($2.53) and a 52-week high of GBX 265.30 ($3.72).
In other news, insider Patrick Gary Kennedy bought 20,000 shares of the stock in a transaction on Thursday, February 8th. The stock was purchased at an average price of GBX 189 ($2.65) per share, for a total transaction of £37,800 ($53,000.56). Also, insider Heather Ann McSharry bought 10,000 shares of the stock in a transaction on Friday, February 2nd. The shares were purchased at an average price of GBX 193 ($2.71) per share, with a total value of £19,300 ($27,061.13).
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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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