Greencore Group (GNC) Given “Overweight” Rating at Barclays

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.

Analyst Recommendations for Greencore Group (LON:GNC)

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