Barclays reissued their overweight rating on shares of Greencore Group (LON:GNC) in a report released on Wednesday morning. Barclays currently has a GBX 253 ($3.55) target price on the stock.
A number of other research analysts have also recently issued reports on the stock. Kepler Capital Markets reduced their price objective on shares of Greencore Group from GBX 290 ($4.07) to GBX 250 ($3.51) and set a buy rating for the company in a report on Wednesday, November 22nd. Shore Capital reiterated an under review rating on shares of Greencore Group in a report on Tuesday, November 28th. Berenberg Bank reduced their price objective on shares of Greencore Group from GBX 340 ($4.77) to GBX 305 ($4.28) and set a buy rating for the company in a report on Monday, December 11th. Numis Securities reiterated a buy rating and set a GBX 300 ($4.21) price objective on shares of Greencore Group in a report on Tuesday, November 28th. Finally, Peel Hunt reiterated a buy rating and set a GBX 250 ($3.51) price objective on shares of Greencore Group in a report on Tuesday, January 30th. Nine research analysts have rated the stock with a buy rating, The stock currently has a consensus rating of Buy and a consensus target price of GBX 283.13 ($3.98).
Greencore Group (LON:GNC) opened at GBX 197.95 ($2.78) on Wednesday. The stock has a market cap of $1,370.00 and a PE ratio of 9,897.50. Greencore Group has a twelve month low of GBX 180.40 ($2.53) and a twelve month high of GBX 265.30 ($3.73).
The company also recently declared a dividend, which will be paid on Thursday, April 5th. Investors of record on Thursday, December 7th will be issued a dividend of GBX 3.37 ($0.05) per share. The ex-dividend date of this dividend is Thursday, December 7th. This is a boost from Greencore Group’s previous dividend of $2.10. This represents a yield of 1.59%.
In related news, insider Patrick F. Coveney sold 97,978 shares of the business’s stock in a transaction dated Monday, December 18th. The shares were sold at an average price of GBX 217 ($3.05), for a total transaction of £212,612.26 ($298,570.79).
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About Greencore Group
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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