Greencore Group (LON:GNC) was downgraded by equities research analysts at Davy Research to a “neutral” rating in a research report issued to clients and investors on Wednesday.
A number of other research analysts have also weighed in on GNC. Kepler Capital Markets reduced their target price on Greencore Group from GBX 290 ($4.01) to GBX 250 ($3.45) and set a “buy” rating for the company in a report on Wednesday, November 22nd. Shore Capital reiterated an “under review” rating on shares of Greencore Group in a research report on Tuesday, November 28th. Numis Securities reiterated a “buy” rating and set a GBX 300 ($4.14) price target on shares of Greencore Group in a research report on Tuesday, November 28th. Berenberg Bank dropped their price target on Greencore Group from GBX 340 ($4.70) to GBX 305 ($4.21) and set a “buy” rating for the company in a research report on Monday, December 11th. Finally, Barclays initiated coverage on Greencore Group in a research report on Thursday, January 4th. They set an “overweight” rating and a GBX 253 ($3.50) price target for the company. Three investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of GBX 271.25 ($3.75).
Greencore Group (GNC) traded down GBX 0.15 ($0.00) during mid-day trading on Wednesday, reaching GBX 127.10 ($1.76). The company’s stock had a trading volume of 27,060,000 shares, compared to its average volume of 7,590,000. The stock has a market cap of $899.02 and a price-to-earnings ratio of 6,355.00. Greencore Group has a 1-year low of GBX 120 ($1.66) and a 1-year high of GBX 263 ($3.63).
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.
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