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

Greencore Group plc (LON:GNC)’s stock price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 250.60 and traded as high as GBX 261. Greencore Group shares last traded at GBX 256.50, with a volume of 1,079,507 shares traded.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on GNC shares. Royal Bank Of Canada restated an “outperform” rating and set a GBX 300 price target on shares of Greencore Group in a research report on Monday, November 24th. Deutsche Bank Aktiengesellschaft started coverage on Greencore Group in a research report on Tuesday, January 20th. They issued a “buy” rating and a GBX 325 target price for the company. Finally, Shore Capital Group reiterated a “house stock” rating on shares of Greencore Group in a research report on Monday, January 19th. Two equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, Greencore Group currently has a consensus rating of “Buy” and an average target price of GBX 312.50.

Greencore Group Stock Up 0.2%

The stock has a market cap of £2.04 billion, a P/E ratio of 20.40, a P/E/G ratio of 0.10 and a beta of 0.88. The company has a quick ratio of 0.62, a current ratio of 0.68 and a debt-to-equity ratio of 42.22. The company has a 50-day simple moving average of GBX 268.92 and a two-hundred day simple moving average of GBX 250.60.

Insiders Place Their Bets

In other news, insider Dalton Philips purchased 1,560,113 shares of the business’s stock in a transaction on Monday, December 8th. The shares were acquired at an average price of GBX 1 per share, with a total value of £15,601.13. 1.10% of the stock is owned by insiders.

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.

Greencore is the UK’s leading convenience food manufacturer. We bring industry-leading innovation to create high-quality, fresh and convenient food to customers and consumers.