Insider Buying: Greencore Group (LON:GNC) Insider Acquires 35,700 Shares of Stock

Greencore Group plc (LON:GNC) insider Dalton Philips bought 35,700 shares of Greencore Group stock in a transaction on Friday, May 29th. The stock was acquired at an average cost of GBX 204 per share, for a total transaction of £72,828.

Greencore Group Price Performance

Shares of GNC stock traded down GBX 6.11 during trading hours on Friday, reaching GBX 204.49. The company’s stock had a trading volume of 5,513,383 shares, compared to its average volume of 7,404,573. The firm’s 50 day simple moving average is GBX 242.87 and its 200-day simple moving average is GBX 252.55. The company has a market capitalization of £1.62 billion, a price-to-earnings ratio of 16.23, a PEG ratio of 0.10 and a beta of 1.18. Greencore Group plc has a fifty-two week low of GBX 202.90 and a fifty-two week high of GBX 307.50. The company has a quick ratio of 0.62, a current ratio of 0.74 and a debt-to-equity ratio of 80.03.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on GNC shares. Shore Capital Group reaffirmed a “house stock” rating on shares of Greencore Group in a report on Wednesday. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 351 target price on shares of Greencore Group in a report on Friday, May 15th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a GBX 325 price objective on shares of Greencore Group in a report on Thursday. Finally, Jefferies Financial Group reissued a “hold” rating and set a GBX 185 price objective on shares of Greencore Group in a report on Thursday. Three investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, Greencore Group currently has an average rating of “Moderate Buy” and an average target price of GBX 290.25.

Key Headlines Impacting Greencore Group

Here are the key news stories impacting Greencore Group this week:

• Positive Sentiment: Multiple insiders bought shares this week, including Chair Leslie Van de Walle, executive director Dalton Philips, and non-executive director Alastair S. N. Murray. Insider buying is often viewed as a sign management believes the stock is undervalued. Article Title
• Positive Sentiment: Greencore reported a profit jump, with the Bakkavor integration supporting UK expansion and improving the company’s growth outlook. Article Title
• Positive Sentiment: Deutsche Bank reaffirmed a buy rating and raised its price target to GBX 325, which is well above the current trading range and signals analyst confidence in upside potential. Article Title
• Neutral Sentiment: Jefferies reaffirmed a hold rating with a GBX 185 price target, offering a more cautious view that partially offsets the bullish calls. Article Title
• Neutral Sentiment: Investors Chronicle highlighted the costs tied to the Bakkavor buyout, suggesting integration expenses and execution risk may still weigh on near-term sentiment. Article Title

Greencore Group Company Profile

We are a leading manufacturer of convenience food in the UK and our purpose is to make every day taste better. To help us achieve this we have a model called The Greencore Way, which is built on the differentiators of People at the Core, Great Food, Delivery Excellence, Lasting Partnerships and Sustainable Choices – The Greencore Way describes both who we are and how we will succeed.

Greencore is the UK’s leading convenience food manufacturer. We bring industry-leading innovation to create high-quality, fresh and convenient food to customers and consumers.