Greencore Group plc (GNC) Given Buy Rating at Numis Securities Ltd
Numis Securities Ltd reiterated their buy rating on shares of Greencore Group plc (LON:GNC) in a report released on Thursday morning. They currently have a GBX 300 ($3.96) price objective on the stock.
Other equities analysts have also issued research reports about the company. Whitman Howard reissued a buy rating and set a GBX 310 ($4.09) price target on shares of Greencore Group plc in a report on Thursday, July 20th. Shore Capital reissued a buy rating on shares of Greencore Group plc in a report on Thursday, July 27th. Berenberg Bank reissued a buy rating and set a GBX 340 ($4.49) price target on shares of Greencore Group plc in a report on Friday, July 28th. Finally, Peel Hunt reissued a buy rating and set a GBX 300 ($3.96) price target on shares of Greencore Group plc in a report on Thursday, August 24th. Ten investment analysts have rated the stock with a buy rating, The company has an average rating of Buy and an average price target of GBX 307.75 ($4.06).
Shares of Greencore Group plc (LON GNC) traded up 2.37% during trading on Thursday, hitting GBX 198.30. The stock had a trading volume of 3,207,270 shares. The stock’s 50-day moving average is GBX 192.39 and its 200-day moving average is GBX 222.74. The stock’s market cap is GBX 1.20 billion. Greencore Group plc has a 12-month low of GBX 180.40 and a 12-month high of GBX 274.27.
In other news, insider Patrick Gary Kennedy acquired 10,000 shares of Greencore Group plc stock in a transaction that occurred on Thursday, August 24th. The stock was purchased at an average price of GBX 196 ($2.59) per share, for a total transaction of £19,600 ($25,864.34). Also, insider Kevin F. O’Malley acquired 19,500 shares of Greencore Group plc stock in a transaction that occurred on Tuesday, August 29th. The stock was purchased at an average price of GBX 198 ($2.61) per share, with a total value of £38,610 ($50,950.12). In the last 90 days, insiders purchased 89,500 shares of company stock valued at $17,356,000.
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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