Insider Buying: Greencore Group plc (GNC) Insider Purchases 68,000 Shares of Stock

Greencore Group plc (LON:GNC) insider Patrick F. Coveney purchased 68,000 shares of the company’s stock in a transaction dated Wednesday, March 14th. The stock was bought at an average cost of GBX 127 ($1.75) per share, for a total transaction of £86,360 ($119,314.73).

Greencore Group plc (LON GNC) opened at GBX 127.90 ($1.77) on Wednesday. The company has a market cap of $855.22 and a price-to-earnings ratio of 6,395.00. Greencore Group plc has a 1 year low of GBX 120 ($1.66) and a 1 year high of GBX 263 ($3.63).

A number of equities analysts have recently weighed in on GNC shares. Numis Securities reaffirmed a “buy” rating and issued a GBX 300 ($4.14) 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 report on Tuesday, November 28th. Berenberg Bank lowered their target price on shares of Greencore Group from GBX 305 ($4.21) to GBX 250 ($3.45) and set a “buy” rating on the stock in a research report on Monday, March 5th. Peel Hunt reissued a “buy” rating and set a GBX 250 ($3.45) target price on shares of Greencore Group in a research report on Tuesday, January 30th. Finally, Barclays reissued an “overweight” rating and set a GBX 253 ($3.50) target price on shares of Greencore Group in a research report on Wednesday. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Greencore Group currently has an average rating of “Buy” and an average price target of GBX 271.25 ($3.75).

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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.

Insider Buying and Selling by Quarter for Greencore Group (LON:GNC)

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