Shares of Greencore Group plc (LON:GNC) have received an average recommendation of “Buy” from the ten research firms that are covering the company, MarketBeat reports. Three investment analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is GBX 257.83 ($3.62).
Several equities analysts have commented on the stock. Numis Securities downgraded shares of Greencore Group to a “hold” rating in a research report on Wednesday, March 14th. Peel Hunt reissued a “buy” rating and set a GBX 250 ($3.51) target price on shares of Greencore Group in a research report on Tuesday, January 30th. Barclays reissued an “overweight” rating and set a GBX 180 ($2.53) target price on shares of Greencore Group in a research report on Wednesday, March 14th. Kepler Capital Markets lowered their target price on shares of Greencore Group from GBX 250 ($3.51) to GBX 210 ($2.95) and set a “buy” rating on the stock in a research report on Wednesday, March 14th. Finally, Berenberg Bank lowered their target price on shares of Greencore Group from GBX 250 ($3.51) to GBX 225 ($3.16) and set a “buy” rating on the stock in a research report on Friday, March 16th.
In other news, insider Patrick F. Coveney purchased 68,000 shares of the firm’s stock in a transaction on Wednesday, March 14th. The stock was bought at an average cost of GBX 127 ($1.78) per share, for a total transaction of £86,360 ($121,224.03). Also, insider Patrick Gary Kennedy purchased 20,000 shares of the firm’s stock in a transaction on Thursday, February 8th. The shares were purchased at an average price of GBX 189 ($2.65) per share, with a total value of £37,800 ($53,060.08). Insiders have acquired 98,000 shares of company stock valued at $14,346,000 over the last 90 days.
Greencore Group stock traded up GBX 0.75 ($0.01) during mid-day trading on Friday, hitting 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).
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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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