Greencore Group plc (LON:GNC) had its target price reduced by equities researchers at Kepler Capital Markets from GBX 290 ($3.81) to GBX 250 ($3.29) in a research note issued to investors on Wednesday. The brokerage presently has a “buy” rating on the stock. Kepler Capital Markets’ price target indicates a potential upside of 31.51% from the company’s previous close.

A number of other research firms have also issued reports on GNC. Numis Securities Ltd restated a “buy” rating and set a GBX 300 ($3.95) price objective on shares of Greencore Group plc in a research report on Tuesday, October 3rd. Peel Hunt restated a “buy” rating and set a GBX 300 ($3.95) price objective on shares of Greencore Group plc in a research report on Thursday, August 24th. Whitman Howard restated a “buy” rating and set a GBX 310 ($4.08) price objective on shares of Greencore Group plc in a research report on Friday, September 29th. Berenberg Bank restated a “buy” rating and set a GBX 340 ($4.47) price objective on shares of Greencore Group plc in a research report on Friday, July 28th. Finally, Shore Capital restated a “buy” rating on shares of Greencore Group plc in a research report on Thursday, July 27th. Nine investment analysts have rated the stock with a buy rating, The stock currently has an average rating of “Buy” and a consensus price target of GBX 302.75 ($3.98).

Greencore Group plc (LON GNC) opened at GBX 190.10 ($2.50) on Wednesday. Greencore Group plc has a 12-month low of GBX 180.40 ($2.37) and a 12-month high of GBX 265.30 ($3.49).

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In related news, insider Kevin F. O’Malley bought 19,500 shares of the business’s stock in a transaction dated Tuesday, August 29th. The shares were bought at an average cost of GBX 198 ($2.60) per share, with a total value of £38,610 ($50,782.59). Also, insider Eoin Tonge bought 25,000 shares of the business’s stock in a transaction dated Friday, September 15th. The shares were bought at an average cost of GBX 187 ($2.46) per share, for a total transaction of £46,750 ($61,488.89).

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.

Analyst Recommendations for Greencore Group plc (LON:GNC)

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