Greencore Group’s (GNC) “Buy” Rating Reiterated at Shore Capital

Greencore Group (LON:GNC)‘s stock had its “buy” rating reissued by investment analysts at Shore Capital in a research report issued on Tuesday, January 30th.

A number of other brokerages also recently issued reports on GNC. Numis Securities reiterated a “buy” rating and set a GBX 300 ($4.14) price target on shares of Greencore Group in a research report on Tuesday, October 3rd. Kepler Capital Markets lowered their price target on Greencore Group from GBX 290 ($4.01) to GBX 250 ($3.45) and set a “buy” rating on the stock in a research report on Wednesday, November 22nd. Berenberg Bank lowered their price target on Greencore Group from GBX 340 ($4.70) to GBX 305 ($4.21) and set a “buy” rating on the stock in a research report on Monday, December 11th. Finally, Barclays started coverage on Greencore Group in a research report on Thursday, January 4th. They set an “overweight” rating and a GBX 253 ($3.50) price target on the stock. Nine investment analysts have rated the stock with a buy rating, The stock presently has an average rating of “Buy” and an average target price of GBX 283.13 ($3.91).

Greencore Group (LON:GNC) traded up GBX 1 ($0.01) during trading on Tuesday, reaching GBX 188 ($2.60). The company had a trading volume of 3,953,196 shares, compared to its average volume of 6,010,000. The firm has a market capitalization of $1,320.00 and a price-to-earnings ratio of 9,400.00. Greencore Group has a 12-month low of GBX 180.40 ($2.49) and a 12-month high of GBX 265.30 ($3.67).

In related news, insider Heather Ann McSharry acquired 10,000 shares of Greencore Group stock in a transaction that occurred on Friday, February 2nd. The shares were purchased at an average price of GBX 193 ($2.67) per share, for a total transaction of £19,300 ($26,664.82). Also, insider Patrick F. Coveney sold 97,978 shares of Greencore Group stock in a transaction that occurred on Monday, December 18th. The stock was sold at an average price of GBX 217 ($3.00), for a total value of £212,612.26 ($293,744.49).

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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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