Greencore Group (LON:GNC) Lowered to “Neutral” at Davy Research

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).

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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.

Analyst Recommendations for Greencore Group (LON:GNC)

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