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.
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).
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.
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