Insider Buying: Greencore Group (LON:GNC) Insider Acquires 125,000 Shares of Stock

Greencore Group plc (LON:GNC) insider Leslie Van de Walle acquired 125,000 shares of the firm’s stock in a transaction that occurred on Tuesday, June 9th. The stock was purchased at an average price of GBX 195 per share, with a total value of £243,750.

Leslie Van de Walle also recently made the following trade(s):

• On Monday, June 1st, Leslie Van de Walle bought 75,000 shares of Greencore Group stock. The shares were acquired at an average price of GBX 200 per share, for a total transaction of £150,000.
• On Thursday, May 28th, Leslie Van de Walle bought 6,000 shares of Greencore Group stock. The stock was acquired at an average cost of GBX 214 per share, with a total value of £12,840.
• On Wednesday, May 27th, Leslie Van de Walle purchased 30,000 shares of Greencore Group stock. The stock was acquired at an average price of GBX 227 per share, with a total value of £68,100.

Greencore Group Trading Up 1.7%

Shares of LON:GNC opened at GBX 197.75 on Wednesday. The company has a debt-to-equity ratio of 80.03, a current ratio of 0.74 and a quick ratio of 0.62. Greencore Group plc has a 1 year low of GBX 191.10 and a 1 year high of GBX 307.50. The company has a market cap of £1.57 billion, a P/E ratio of 70.63, a PEG ratio of 0.10 and a beta of 0.84. The stock’s fifty day moving average price is GBX 234.85 and its 200-day moving average price is GBX 250.56.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. Shore Capital Group reaffirmed a “house stock” rating on shares of Greencore Group in a report on Wednesday, May 27th. Jefferies Financial Group restated a “hold” rating and set a GBX 185 price objective on shares of Greencore Group in a research report on Thursday, May 28th. Berenberg Bank restated a “buy” rating and issued a GBX 351 target price on shares of Greencore Group in a report on Friday, May 15th. Finally, 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. Three investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of GBX 290.25.

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.