Greencore Group plc (LON:GNC) Given Average Rating of “Buy” by Brokerages
Greencore Group plc (LON:GNC) has been given an average recommendation of “Buy” by the ten ratings firms that are currently covering the company. Two analysts have rated the stock with a hold rating and eight have issued a buy rating on the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is GBX 405.57 ($5.29).
GNC has been the topic of a number of research reports. Shore Capital restated a “hold” rating on shares of Greencore Group plc in a report on Monday, July 25th. Goodbody restated a “buy” rating on shares of Greencore Group plc in a report on Thursday, August 11th. Jefferies Group restated a “buy” rating and issued a GBX 410 ($5.35) price objective on shares of Greencore Group plc in a report on Friday, July 29th. Numis Securities Ltd upgraded Greencore Group plc to a “buy” rating and raised their price objective for the company from GBX 378 ($4.93) to GBX 382 ($4.99) in a report on Thursday, July 28th. Finally, Societe Generale reaffirmed a “buy” rating and issued a GBX 400 ($5.22) target price on shares of Greencore Group plc in a research note on Wednesday, July 27th.
Shares of Greencore Group plc (LON:GNC) traded down 1.43% during mid-day trading on Thursday, hitting GBX 325.00. 1,771,256 shares of the stock were exchanged. The stock’s market cap is GBX 1.33 billion. Greencore Group plc has a 12 month low of GBX 235.00 and a 12 month high of GBX 396.70. The company has a 50-day moving average price of GBX 346.38 and a 200-day moving average price of GBX 343.84.
Greencore Group plc Company Profile
Greencore Group plc is engaged in international convenience food business. The Company’s segments are Convenience Foods, and Ingredients and Property. The Company’s Convenience Foods segment is engaged in production and sale of convenience foods. The Ingredients and Property segment is engaged in distribution of edible oils and molasses, and the management of the Company’s surplus property assets.
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