Greencore Group (OTCMKTS:GNCGY) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a note issued to investors on Wednesday, Zacks.com reports. The firm presently has a $14.00 price objective on the stock. Zacks Investment Research‘s price objective suggests a potential upside of 10.76% from the stock’s previous close.
According to Zacks, “Greencore Group plc is a manufacturer of convenience foods. Its operating segment consists of Convenience Foods, and Ingredients and Property. Convenience Foods segment is engaged in production and sale of convenience foods. Ingredients and Property segment is engaged in distribution of edible oils and molasses, and the management of the Company’s surplus property assets. The company operates primarily in the UK and US. Greencore Group plc is headquartered in Dublin, Ireland. “
OTCMKTS:GNCGY opened at $12.64 on Wednesday. The stock’s 50-day moving average is $12.01 and its 200-day moving average is $11.28. Greencore Group has a 1-year low of $8.90 and a 1-year high of $12.92. The company has a current ratio of 0.69, a quick ratio of 0.57 and a debt-to-equity ratio of 1.10. The stock has a market cap of $2.23 billion, a P/E ratio of 15.60, a price-to-earnings-growth ratio of 1.58 and a beta of 1.17.
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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