Greencore Group (LON:GNC) Earns “Buy” Rating from Berenberg Bank

Greencore Group (LON:GNC)‘s stock had its “buy” rating restated by research analysts at Berenberg Bank in a research report issued on Thursday,Digital Look reports. They presently have a GBX 351 price target on the stock. Berenberg Bank’s target price would suggest a potential upside of 41.99% from the company’s current price.

GNC has been the subject of several other reports. Jefferies Financial Group reiterated a “hold” rating and set a GBX 185 target price on shares of Greencore Group in a research note on Thursday, May 28th. Shore Capital Group restated a “house stock” rating on shares of Greencore Group in a research note on Monday, July 20th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a GBX 325 price target on shares of Greencore Group in a report on Thursday, May 28th. Three analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Greencore Group has an average rating of “Moderate Buy” and a consensus target price of GBX 290.25.

Greencore Group Price Performance

Shares of LON GNC opened at GBX 247.20 on Thursday. The company has a quick ratio of 0.62, a current ratio of 0.74 and a debt-to-equity ratio of 80.03. The business’s 50 day moving average price is GBX 209.78 and its two-hundred day moving average price is GBX 241.44. The company has a market cap of £1.96 billion, a PE ratio of 88.29, a price-to-earnings-growth ratio of 0.10 and a beta of 0.81. Greencore Group has a twelve month low of GBX 191.10 and a twelve month high of GBX 307.50.

Insider Transactions at Greencore Group

In other news, insider Dalton Philips bought 35,700 shares of the stock in a transaction dated Friday, May 29th. The shares were bought at an average price of GBX 204 per share, for a total transaction of £72,828. Also, insider Leslie Van de Walle purchased 350,000 shares of the company’s stock in a transaction that occurred on Wednesday, July 22nd. The shares were purchased at an average cost of GBX 238 per share, with a total value of £833,000. Insiders bought a total of 646,700 shares of company stock worth $143,176,800 over the last quarter. Company insiders own 1.14% of the company’s stock.

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.

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.