Greencore Group (LON:GNC) Earns House Stock Rating from Shore Capital Group

Greencore Group (LON:GNC)‘s stock had its “house stock” rating reiterated by equities researchers at Shore Capital Group in a report issued on Monday, Marketbeat reports.

Several other analysts also recently issued reports on the stock. Jefferies Financial Group reissued a “hold” rating and set a GBX 185 target price on shares of Greencore Group in a research note on Thursday, May 28th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a GBX 325 target price on shares of Greencore Group in a research report on Thursday, May 28th. Finally, Berenberg Bank reissued a “buy” rating and set a GBX 351 price target on shares of Greencore Group in a research report on Thursday, June 11th. Three research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, Greencore Group currently has an average rating of “Moderate Buy” and an average price target of GBX 290.25.

Greencore Group Stock Up 3.4%

Shares of LON:GNC opened at GBX 221.80 on Monday. The firm has a 50 day simple moving average of GBX 209.14 and a 200 day simple moving average of GBX 241.52. Greencore Group has a 52 week low of GBX 191.10 and a 52 week high of GBX 307.50. The company has a debt-to-equity ratio of 80.03, a quick ratio of 0.62 and a current ratio of 0.74. The company has a market cap of £1.76 billion, a PE ratio of 79.21, a price-to-earnings-growth ratio of 0.10 and a beta of 0.81.

Insider Activity at Greencore Group

In related news, insider Alastair S. N. Murray acquired 25,000 shares of the stock in a transaction that occurred on Friday, May 29th. The shares were purchased at an average cost of GBX 205 per share, with a total value of £51,250. Also, insider Leslie Van de Walle acquired 125,000 shares of the company’s stock in a transaction on Tuesday, June 9th. The stock was bought at an average price of GBX 195 per share, for a total transaction of £243,750. Over the last three months, insiders have purchased 296,700 shares of company stock valued at $59,876,800. Corporate insiders own 1.14% of the company’s stock.

Greencore Group Company Profile

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.

Greencore is the UK’s leading convenience food manufacturer. We bring industry-leading innovation to create high-quality, fresh and convenient food to customers and consumers.