Greencore Group (LON:GNC) Reaches New 12-Month Low – What’s Next?

Greencore Group plc (LON:GNC)’s stock price reached a new 52-week low during mid-day trading on Wednesday . The stock traded as low as GBX 213.20 and last traded at GBX 229.80, with a volume of 6363583 shares traded. The stock had previously closed at GBX 239.60.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on GNC. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a GBX 325 price objective on shares of Greencore Group in a research note on Thursday. Jefferies Financial Group reaffirmed a “hold” rating and set a GBX 185 target price on shares of Greencore Group in a research report on Thursday. Shore Capital Group reaffirmed a “house stock” rating on shares of Greencore Group in a research report on Wednesday. Finally, Berenberg Bank reiterated a “buy” rating and set a GBX 351 price target on shares of Greencore Group in a research note on Friday, May 15th. 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, the stock currently has a consensus rating of “Moderate Buy” and an average price target of GBX 290.25.

Greencore Group Stock Down 1.7%

The company has a market cap of £1.64 billion, a price-to-earnings ratio of 16.43, a PEG ratio of 0.10 and a beta of 1.18. The company has a current ratio of 0.74, a quick ratio of 0.62 and a debt-to-equity ratio of 80.03. The business has a fifty day moving average of GBX 242.87 and a two-hundred day moving average of GBX 252.55.

Insider Activity at Greencore Group

In other news, insider Leslie Van de Walle bought 30,000 shares of Greencore Group stock in a transaction on Wednesday, May 27th. The stock was acquired at an average price of GBX 227 per share, with a total value of £68,100. 1.10% of the stock is owned by insiders.

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.