Whitman Howard Reiterates Buy Rating for Greencore Group plc (GNC)
Whitman Howard reaffirmed their buy rating on shares of Greencore Group plc (LON:GNC) in a research report report published on Friday morning. They currently have a GBX 310 ($4.17) price objective on the stock.
A number of other brokerages also recently issued reports on GNC. Investec reiterated a buy rating and issued a GBX 322 ($4.33) price target on shares of Greencore Group plc in a report on Wednesday, June 21st. Jefferies Group LLC reiterated a buy rating and issued a GBX 300 ($4.03) price target on shares of Greencore Group plc in a report on Wednesday, June 21st. Shore Capital reiterated a buy rating on shares of Greencore Group plc in a report on Monday, July 3rd. Numis Securities Ltd reiterated an add rating and issued a GBX 272 ($3.66) price target on shares of Greencore Group plc in a report on Tuesday, May 30th. Finally, Peel Hunt reiterated a buy rating and issued a GBX 300 ($4.03) price target on shares of Greencore Group plc in a report on Tuesday, July 11th. Ten equities research analysts have rated the stock with a buy rating, The company presently has an average rating of Buy and an average target price of GBX 307.75 ($4.14).
Shares of Greencore Group plc (LON GNC) opened at 192.80 on Friday. Greencore Group plc has a 1-year low of GBX 182.30 and a 1-year high of GBX 279.69. The stock’s market cap is GBX 1.16 billion. The stock’s 50 day moving average is GBX 210.01 and its 200-day moving average is GBX 234.61.
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In other Greencore Group plc news, insider Kevin F. O’Malley bought 19,500 shares of the company’s stock in a transaction on Tuesday, August 29th. The stock was purchased at an average cost of GBX 198 ($2.66) per share, for a total transaction of £38,610 ($51,923.08). Also, insider Thomas Sampson bought 35,000 shares of the company’s stock in a transaction on Friday, August 25th. The shares were acquired at an average price of GBX 196 ($2.64) per share, with a total value of £68,600 ($92,253.90). Insiders have acquired a total of 89,500 shares of company stock valued at $17,356,000 over the last 90 days.
About Greencore Group plc
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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