Greencore Group plc (LON:GNC) insider Patrick F. Coveney acquired 68,000 shares of the company’s stock in a transaction dated Wednesday, March 14th. The shares were bought at an average price of GBX 127 ($1.78) per share, for a total transaction of £86,360 ($121,224.03).
Shares of LON:GNC traded up GBX 0.75 ($0.01) during trading on Friday, reaching GBX 135.10 ($1.90). The company had a trading volume of 8,719,060 shares, compared to its average volume of 8,760,000. Greencore Group plc has a 12 month low of GBX 120 ($1.68) and a 12 month high of GBX 263 ($3.69).
GNC has been the subject of a number of recent analyst reports. Berenberg Bank reduced their price objective on shares of Greencore Group from GBX 250 ($3.51) to GBX 225 ($3.16) and set a “buy” rating for the company in a research report on Friday, March 16th. Davy Research downgraded shares of Greencore Group to a “neutral” rating in a research report on Wednesday, March 14th. Kepler Capital Markets reduced their target price on shares of Greencore Group from GBX 250 ($3.51) to GBX 210 ($2.95) and set a “buy” rating for the company in a research report on Wednesday, March 14th. Numis Securities downgraded shares of Greencore Group to a “hold” rating in a research report on Wednesday, March 14th. Finally, Barclays restated an “overweight” rating and set a GBX 180 ($2.53) price target on shares of Greencore Group in a research note on Wednesday, March 14th. Three research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of GBX 259 ($3.64).
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Greencore Group Company Profile
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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