Greencore Group (OTCMKTS:GNCGY) Upgraded by Zacks Investment Research to Buy

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Greencore Group (OTCMKTS:GNCGY) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued on Wednesday, Zacks.com reports. The firm presently has a $14.00 price objective on the stock. Zacks Investment Research‘s price objective points to a potential upside of 10.76% from the company’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. Greencore Group has a 12-month low of $8.90 and a 12-month high of $12.92. The firm has a market capitalization of $2.23 billion, a price-to-earnings ratio of 15.60, a P/E/G ratio of 1.58 and a beta of 1.17. The stock’s 50 day moving average price is $12.01 and its two-hundred day moving average price is $11.28. The company has a quick ratio of 0.57, a current ratio of 0.69 and a debt-to-equity ratio of 1.10.

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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