Brokerages Set Greencore Group plc (GNC) Price Target at $249.63

Shares of Greencore Group plc (LON:GNC) have earned an average rating of “Buy” from the eleven ratings firms that are currently covering the firm, MarketBeat reports. Four equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is GBX 249.63 ($3.32).

A number of research firms have weighed in on GNC. Barclays raised their price target on Greencore Group from GBX 180 ($2.40) to GBX 190 ($2.53) and gave the company an “overweight” rating in a research note on Friday, June 1st. Numis Securities restated a “hold” rating on shares of Greencore Group in a research note on Tuesday, May 22nd. Peel Hunt restated a “hold” rating on shares of Greencore Group in a research note on Wednesday, May 30th. Societe Generale upgraded Greencore Group to a “buy” rating and cut their price target for the company from GBX 386 ($5.14) to GBX 200 ($2.66) in a research note on Thursday, June 7th. Finally, Shore Capital reaffirmed a “hold” rating on shares of Greencore Group in a report on Tuesday, May 22nd.

LON:GNC traded up GBX 3.50 ($0.05) on Friday, reaching GBX 180.45 ($2.40). 16,955,832 shares of the stock traded hands, compared to its average volume of 8,760,000. Greencore Group has a 1-year low of GBX 120 ($1.60) and a 1-year high of GBX 263 ($3.50).

The company also recently disclosed a dividend, which will be paid on Thursday, October 4th. Shareholders of record on Thursday, August 30th will be issued a dividend of GBX 2.20 ($0.03) per share. This represents a dividend yield of 1.34%. The ex-dividend date of this dividend is Thursday, August 30th.

Greencore Group Company Profile

Greencore Group plc produces and sells various food products primarily in the United Kingdom and the United States. It operates through Convenience Foods UK & Ireland, Convenience Foods US, and Ingredients and Property segments. The company provides sandwiches, wraps, rolls, sub-rolls, flatbreads, baguettes, bagels, prepared salads, and sushi products; and prepared meals, such as chilled ready meals, chilled sauces and soups, and quiches.

Analyst Recommendations for Greencore Group (LON:GNC)

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