Greencore Group plc (GNC) Receives GBX 283.13 Consensus Price Target from Analysts

Greencore Group plc (LON:GNC) has earned an average recommendation of “Buy” from the nine analysts that are covering the stock, MarketBeat reports. Nine equities research analysts have rated the stock with a buy rating. The average 1 year price objective among brokerages that have covered the stock in the last year is GBX 283.13 ($3.91).

A number of equities analysts have commented on the company. Barclays reissued an “overweight” rating and set a GBX 253 ($3.50) target price on shares of Greencore Group in a report on Wednesday, January 31st. Numis Securities reduced their target price on Greencore Group from GBX 300 ($4.14) to GBX 275 ($3.80) and set a “buy” rating for the company in a report on Wednesday, January 31st. Kepler Capital Markets reissued a “buy” rating and set a GBX 250 ($3.45) target price on shares of Greencore Group in a report on Thursday, November 30th. Berenberg Bank reduced their target price on Greencore Group from GBX 340 ($4.70) to GBX 305 ($4.21) and set a “buy” rating for the company in a report on Monday, December 11th. Finally, Shore Capital reissued a “buy” rating on shares of Greencore Group in a report on Tuesday, January 30th.

Greencore Group (LON:GNC) traded up GBX 5.70 ($0.08) during midday trading on Friday, reaching GBX 190.75 ($2.64). The company had a trading volume of 9,560,000 shares, compared to its average volume of 6,100,000. Greencore Group has a 12 month low of GBX 180.40 ($2.49) and a 12 month high of GBX 265.30 ($3.67). The firm has a market cap of $1,310.00 and a PE ratio of 9,537.50.

The company also recently announced a dividend, which will be paid on Thursday, April 5th. Shareholders of record on Thursday, December 7th will be issued a dividend of GBX 3.37 ($0.05) per share. The ex-dividend date of this dividend is Thursday, December 7th. This represents a dividend yield of 1.59%. This is a boost from Greencore Group’s previous dividend of $2.10.

In related news, insider Patrick Gary Kennedy purchased 20,000 shares of the company’s stock in a transaction dated Thursday, February 8th. The stock was acquired at an average cost of GBX 189 ($2.61) per share, for a total transaction of £37,800 ($52,224.37). Also, insider Heather Ann McSharry purchased 10,000 shares of the company’s stock in a transaction dated Friday, February 2nd. The stock was bought at an average price of GBX 193 ($2.67) per share, with a total value of £19,300 ($26,664.82).

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About Greencore Group

Greencore Group plc is a manufacturer of convenience food. The Company’s segments include Convenience Foods, and Ingredients & Property. The Convenience Foods segment includes Convenience Foods UK and Convenience Foods US. The Convenience Foods segment consists of Food to Go, Prepared Meals, Grocery and US.

Analyst Recommendations for Greencore Group (LON:GNC)

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