Greencore Group plc (GNC) Receives Average Rating of “Buy” from Analysts

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).

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

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.

Analyst Recommendations for Greencore Group (LON:GNC)

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