Greencore Group (LON:GNC) Coverage Initiated at Deutsche Bank Aktiengesellschaft

Equities researchers at Deutsche Bank Aktiengesellschaft assumed coverage on shares of Greencore Group (LON:GNC) in a research report issued on Tuesday, MarketBeat.com reports. The brokerage set a “buy” rating and a GBX 325 price target on the stock. Deutsche Bank Aktiengesellschaft’s price objective would indicate a potential upside of 20.37% from the stock’s current price.

Several other equities analysts have also recently weighed in on the company. Shore Capital reissued a “house stock” rating on shares of Greencore Group in a research report on Monday. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a GBX 300 target price on shares of Greencore Group in a report on Monday, November 24th. Two equities research analysts have rated the stock with a Buy rating, According to MarketBeat, the company has an average rating of “Buy” and a consensus price target of GBX 312.50.

Greencore Group Stock Performance

Shares of GNC opened at GBX 270 on Tuesday. The company has a market capitalization of £1.17 billion, a PE ratio of 21.43, a price-to-earnings-growth ratio of 0.10 and a beta of 1.19. The company has a debt-to-equity ratio of 55.60, a current ratio of 0.70 and a quick ratio of 0.62. Greencore Group has a one year low of GBX 162.60 and a one year high of GBX 281. The company’s fifty day moving average price is GBX 247.25 and its 200 day moving average price is GBX 244.49.

Insider Activity at Greencore Group

In other news, insider Leslie Van de Walle bought 40,000 shares of Greencore Group stock in a transaction that occurred on Wednesday, November 19th. The stock was purchased at an average cost of GBX 236 per share, with a total value of £94,400. Also, insider Dalton Philips purchased 1,560,113 shares of the firm’s stock in a transaction on Monday, December 8th. The shares were acquired at an average price of GBX 1 per share, for a total transaction of £15,601.13. 1.61% of the stock is currently owned by company insiders.

About Greencore Group

We are a leading manufacturer of convenience food in the UK and our purpose is to make every day taste better. To help us achieve this we have a model called The Greencore Way, which is built on the differentiators of People at the Core, Great Food, Delivery Excellence, Lasting Partnerships and Sustainable Choices – The Greencore Way describes both who we are and how we will succeed.

We supply all of the major supermarkets in the UK. We also supply convenience and travel retail outlets, discounters, coffee shops, foodservice and other retailers.