Greencore Group plc (GNC) Given Average Rating of “Hold” by Brokerages

Greencore Group plc (LON:GNC) has received a consensus rating of “Hold” from the nine ratings firms that are presently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, four have given a hold recommendation and four have issued a buy recommendation on the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is GBX 220 ($2.87).

Several research firms recently issued reports on GNC. Barclays reiterated an “underweight” rating on shares of Greencore Group in a research note on Wednesday. Jefferies Financial Group restated a “buy” rating on shares of Greencore Group in a research report on Tuesday. Peel Hunt restated a “hold” rating on shares of Greencore Group in a research report on Monday. Berenberg Bank cut shares of Greencore Group to a “hold” rating and reduced their price objective for the stock from GBX 230 ($3.01) to GBX 210 ($2.74) in a research report on Friday, March 15th. Finally, Shore Capital upgraded shares of Greencore Group to a “buy” rating in a research report on Monday, March 11th.

In other news, insider Helen Rose acquired 25,000 shares of the company’s stock in a transaction that occurred on Tuesday, January 15th. The stock was purchased at an average price of GBX 188 ($2.46) per share, with a total value of £47,000 ($61,413.82).

Shares of GNC traded down GBX 1.50 ($0.02) during trading hours on Thursday, hitting GBX 209.30 ($2.73). The stock had a trading volume of 3,842,381 shares, compared to its average volume of 8,760,000. The company has a debt-to-equity ratio of 74.17, a current ratio of 2.01 and a quick ratio of 0.34. Greencore Group has a fifty-two week low of GBX 141.30 ($1.85) and a fifty-two week high of GBX 225.10 ($2.94). The stock has a market cap of $920.92 million and a P/E ratio of 43.60.

Greencore Group Company Profile

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.

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Analyst Recommendations for Greencore Group (LON:GNC)

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