Greencore Group plc (GNC) Receives GBX 257.83 Average Price Target from Analysts

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.

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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.

Analyst Recommendations for Greencore Group (LON:GNC)

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