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).
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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