Greencore Group (GNC) Stock Rating Reaffirmed by Barclays

Greencore Group (LON:GNC)‘s stock had its “overweight” rating restated by analysts at Barclays in a research note issued on Wednesday. They currently have a GBX 253 ($3.50) target price on the stock. Barclays’ target price indicates a potential upside of 34.57% from the company’s current price.

GNC has been the topic of several other reports. Numis Securities cut their target price on Greencore Group from GBX 300 ($4.14) to GBX 275 ($3.80) and set a “buy” rating on the stock in a report on Wednesday, January 31st. Kepler Capital Markets reiterated a “buy” rating and issued a GBX 250 ($3.45) price objective on shares of Greencore Group in a research note on Thursday, November 30th. Berenberg Bank dropped their price objective on Greencore Group from GBX 340 ($4.70) to GBX 305 ($4.21) and set a “buy” rating on the stock in a research note on Monday, December 11th. Shore Capital reiterated a “buy” rating on shares of Greencore Group in a research note on Tuesday, January 30th. Finally, Peel Hunt reiterated a “buy” rating and issued a GBX 250 ($3.45) price objective on shares of Greencore Group in a research note on Tuesday, January 30th. Nine equities research analysts have rated the stock with a buy rating, Greencore Group currently has a consensus rating of “Buy” and a consensus price target of GBX 283.13 ($3.91).

Greencore Group (GNC) traded up GBX 1 ($0.01) during midday trading on Wednesday, reaching GBX 188 ($2.60). The company’s stock had a trading volume of 3,953,196 shares, compared to its average volume of 6,010,000. Greencore Group has a one year low of GBX 180.40 ($2.49) and a one year high of GBX 265.30 ($3.67). The company has a market capitalization of $1,320.00 and a price-to-earnings ratio of 9,400.00.

In other news, insider Heather Ann McSharry bought 10,000 shares of the firm’s stock in a transaction that occurred on Friday, February 2nd. The shares were acquired at an average cost of GBX 193 ($2.67) per share, with a total value of £19,300 ($26,664.82). Also, insider Patrick Gary Kennedy bought 20,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 8th. The shares were purchased at an average cost of GBX 189 ($2.61) per share, for a total transaction of £37,800 ($52,224.37).

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About Greencore Group

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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