Greencore Group (GNCGY) Downgraded by Zacks Investment Research

Zacks Investment Research lowered shares of Greencore Group (OTCMKTS:GNCGY) from a buy rating to a hold rating in a report published on Wednesday.

According to Zacks, “Greencore Group plc is a manufacturer of convenience foods. Its operating segment consists of Convenience Foods, and Ingredients and Property. Convenience Foods segment is engaged in production and sale of convenience foods. Ingredients and Property segment is engaged in distribution of edible oils and molasses, and the management of the Company’s surplus property assets. The company operates primarily in the UK and US. Greencore Group plc is headquartered in Dublin, Ireland. “

Shares of GNCGY stock opened at $10.90 on Wednesday. Greencore Group has a 52-week low of $7.08 and a 52-week high of $10.90. The company has a quick ratio of 1.94, a current ratio of 2.01 and a debt-to-equity ratio of 0.72. The firm has a market capitalization of $1.93 billion, a price-to-earnings ratio of 13.46, a price-to-earnings-growth ratio of 1.72 and a beta of 1.25.

Greencore Group Company Profile

Greencore Group plc manufactures and sells various convenience food products primarily in the United Kingdom. The company provides sandwiches, sushi, salads, chilled ready meals, chilled soups and sauces, chilled quiche, ambient sauces and pickles, frozen Yorkshire puddings, cakes, and desserts. It also trades in Irish ingredients; and invests in properties.

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