Greencore Group (LON:GNC) Shares Cross Above 200-Day Moving Average – Here’s Why

Greencore Group plc (LON:GNC)’s stock price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 193.93 ($2.62) and traded as high as GBX 232 ($3.14). Greencore Group shares last traded at GBX 230.57 ($3.12), with a volume of 634,510 shares traded.

Analyst Ratings Changes

Separately, Shore Capital reaffirmed a “house stock” rating on shares of Greencore Group in a research report on Monday, March 17th.

Greencore Group Stock Performance

The firm has a market capitalization of £1.00 billion, a P/E ratio of 20.85, a price-to-earnings-growth ratio of 0.10 and a beta of 1.19. The company has a current ratio of 0.70, a quick ratio of 0.62 and a debt-to-equity ratio of 55.60. The business’s 50 day simple moving average is GBX 193.18 and its two-hundred day simple moving average is GBX 193.93.

Greencore Group Company Profile

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, Delivery Excellence, Lasting Partnerships and Sustainable Choices – The Greencore Way describes both who we are and how we will succeed.

We supply all of the major supermarkets in the UK.