Davy Research cut shares of Greencore Group (LON:GNC) to a neutral rating in a research report sent to investors on Wednesday, March 14th.
A number of other equities research analysts also recently commented on the stock. Kepler Capital Markets lowered their price target 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 report on Wednesday, March 14th. Numis Securities downgraded shares of Greencore Group to a hold rating in a report on Wednesday, March 14th. Barclays restated 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 downgraded shares of Greencore Group to a hold rating in a report on Tuesday, March 13th. Finally, Berenberg Bank lowered their target price on shares of Greencore Group from GBX 305 ($4.28) to GBX 250 ($3.51) and set a buy rating for the company in a report on Monday, March 5th. Three analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The stock currently has an average rating of Buy and a consensus price target of GBX 259 ($3.64).
GNC traded up GBX 0.75 ($0.01) during midday trading on Wednesday, reaching GBX 135.10 ($1.90). 8,719,060 shares of the company’s stock were exchanged, compared to its average volume of 8,760,000. Greencore Group has a 1-year low of GBX 120 ($1.68) and a 1-year high of GBX 263 ($3.69).
In other news, insider Patrick F. Coveney bought 68,000 shares of Greencore Group stock in a transaction dated Wednesday, March 14th. The shares were acquired at an average cost of GBX 127 ($1.78) per share, with a total value of £86,360 ($121,224.03). Also, insider Heather Ann McSharry bought 10,000 shares of Greencore Group stock in a transaction dated 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). Over the last quarter, insiders have acquired 98,000 shares of company stock valued at $14,346,000.
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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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