Greencore Group (GNC) Lowered to Hold at Berenberg Bank

Greencore Group (LON:GNC) was downgraded by equities research analysts at Berenberg Bank to a “hold” rating in a research report issued to clients and investors on Friday. They currently have a GBX 210 ($2.74) price objective on the stock, down from their previous price objective of GBX 230 ($3.01). Berenberg Bank’s target price points to a potential upside of 4.79% from the company’s previous close.

A number of other research firms have also recently commented on GNC. Shore Capital upgraded Greencore Group to a “buy” rating in a research report on Monday. Kepler Capital Markets cut Greencore Group to a “hold” rating and dropped their price objective for the stock from GBX 225 ($2.94) to GBX 200 ($2.61) in a research report on Thursday, January 24th. Peel Hunt reiterated a “hold” rating on shares of Greencore Group in a research report on Tuesday, January 29th. Jefferies Financial Group reiterated a “buy” rating and set a GBX 245 ($3.20) price objective on shares of Greencore Group in a research report on Tuesday, February 5th. Finally, HSBC initiated coverage on Greencore Group in a research report on Friday, January 25th. They set a “buy” rating and a GBX 270 ($3.53) price objective for the company. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Greencore Group currently has an average rating of “Buy” and a consensus price target of GBX 216.25 ($2.83).

Shares of GNC stock opened at GBX 200.40 ($2.62) on Friday. Greencore Group has a fifty-two week low of GBX 120 ($1.57) and a fifty-two week high of GBX 225.10 ($2.94). The firm has a market capitalization of $926.26 million and a PE ratio of 41.75. The company has a debt-to-equity ratio of 74.17, a current ratio of 2.01 and a quick ratio of 0.34.

In other news, insider Helen Rose acquired 25,000 shares of Greencore Group stock in a transaction dated Tuesday, January 15th. The shares were acquired at an average cost of GBX 188 ($2.46) per share, with a total value of £47,000 ($61,413.82).

About Greencore Group

Greencore Group plc manufactures and sells various convenience food products primarily in the United Kingdom. The company provides sandwiches, sushi, salads, chilled ready meals, chilled soups and sauces, chilled quiche, ambient sauces and pickles, frozen Yorkshire puddings, cakes, and desserts. It also trades in Irish ingredients; and invests in properties.

Read More: Certificate of Deposit (CD)

Analyst Recommendations for Greencore Group (LON:GNC)

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