Greencore Group (LON:GNC) Shares Cross Below 200 Day Moving Average – Time to Sell?

Shares of Greencore Group plc (LON:GNC) crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 190.22 ($2.34) and traded as low as GBX 189.40 ($2.33). Greencore Group shares last traded at GBX 191.60 ($2.36), with a volume of 845,421 shares trading hands.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on GNC shares. Deutsche Bank Aktiengesellschaft reissued a “sell” rating and issued a GBX 130 ($1.60) price objective on shares of Greencore Group in a research report on Thursday, September 12th. Shore Capital reaffirmed a “house stock” rating on shares of Greencore Group in a report on Wednesday, December 4th.

Greencore Group Stock Performance

The company has a fifty day moving average of GBX 201.89 and a two-hundred day moving average of GBX 190.34. The firm has a market capitalization of £807.06 million, a price-to-earnings ratio of 1,798.71, a PEG ratio of 0.10 and a beta of 1.19. The company has a debt-to-equity ratio of 78.73, a quick ratio of 0.62 and a current ratio of 0.79.

Greencore Group Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Thursday, February 6th. Shareholders of record on Thursday, January 9th will be issued a GBX 2 ($0.02) dividend. This represents a yield of 1.01%. The ex-dividend date is Thursday, January 9th. Greencore Group’s dividend payout ratio is currently 6,000.00%.

About Greencore Group

We are a leading manufacturer of convenience food in the UK and our purpose is to make every day taste better. To help us achieve this we have a model called The Greencore Way, which is built on the differentiators of People at the Core, Great Food, Excellence and Sustainability – The Greencore Way describes both who we are and how we will succeed.

We supply all of the major supermarkets in the UK.