Greencore Group’s (GNC) House Stock Rating Reiterated at Shore Capital Group

Shore Capital Group reaffirmed their house stock rating on shares of Greencore Group (LON:GNC) in a research note published on Monday morning, Marketbeat reports.

GNC has been the topic of a number of other reports. Berenberg Bank restated a “buy” rating and issued a GBX 351 price objective on shares of Greencore Group in a research note on Thursday, June 11th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a GBX 325 price target on shares of Greencore Group in a report on Thursday, May 28th. Finally, Jefferies Financial Group reaffirmed a “hold” rating and set a GBX 185 price objective on shares of Greencore Group in a research note on Thursday, May 28th. Three research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, Greencore Group currently has an average rating of “Moderate Buy” and a consensus target price of GBX 290.25.

Greencore Group Trading Up 8.5%

GNC opened at GBX 240.60 on Monday. Greencore Group has a one year low of GBX 191.10 and a one year high of GBX 307.50. The company has a market cap of £1.91 billion, a P/E ratio of 85.93, a PEG ratio of 0.10 and a beta of 0.81. The company has a debt-to-equity ratio of 80.03, a quick ratio of 0.62 and a current ratio of 0.74. The business’s 50-day simple moving average is GBX 209.37 and its 200-day simple moving average is GBX 241.42.

Insider Buying and Selling

In other Greencore Group news, insider Alastair S. N. Murray acquired 25,000 shares of the stock in a transaction that occurred on Friday, May 29th. The shares were purchased at an average cost of GBX 205 per share, with a total value of £51,250. Also, insider Dalton Philips acquired 35,700 shares of the business’s stock in a transaction that occurred on Friday, May 29th. The shares were bought at an average price of GBX 204 per share, with a total value of £72,828. Insiders have bought a total of 296,700 shares of company stock worth $59,876,800 in the last quarter. Company insiders own 1.14% of the company’s stock.

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.