Berenberg Bank Cuts Greencore Group (GNC) Price Target to GBX 225

Greencore Group (LON:GNC) had its target price lowered by Berenberg Bank from GBX 250 ($3.51) to GBX 225 ($3.16) in a research report report published on Friday, March 16th. The firm currently has a buy rating on the stock.

Other analysts also recently issued research reports about the company. Numis Securities downgraded Greencore Group to a hold rating in a research report on Wednesday, March 14th. Barclays reissued an overweight rating and issued a GBX 180 ($2.53) target price on shares of Greencore Group in a report on Wednesday, March 14th. Peel Hunt reissued a buy rating and issued a GBX 250 ($3.51) target price on shares of Greencore Group in a report on Tuesday, January 30th. Shore Capital reaffirmed an under review rating on shares of Greencore Group in a report on Tuesday, November 28th. Finally, Kepler Capital Markets dropped their price target on Greencore Group from GBX 250 ($3.51) to GBX 210 ($2.95) and set a buy rating for the company in a report on Wednesday, March 14th. Three investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The stock currently has a consensus rating of Buy and a consensus target price of GBX 259 ($3.64).

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Shares of LON:GNC opened at GBX 135.10 ($1.90) on Friday. Greencore Group has a twelve month low of GBX 120 ($1.68) and a twelve month high of GBX 263 ($3.69).

In other Greencore Group news, insider Heather Ann McSharry bought 10,000 shares of Greencore Group stock in a transaction on Friday, February 2nd. The shares were purchased at an average cost of GBX 193 ($2.71) per share, for a total transaction of £19,300 ($27,091.52). Also, insider Patrick F. Coveney purchased 68,000 shares of the business’s stock in a transaction dated Wednesday, March 14th. The stock was purchased at an average price of GBX 127 ($1.78) per share, for a total transaction of £86,360 ($121,224.03). Insiders bought a total of 98,000 shares of company stock worth $14,346,000 over the last 90 days.

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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.

Analyst Recommendations for Greencore Group (LON:GNC)

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