Greencore Group (LON:GNC) Upgraded at Royal Bank Of Canada

Royal Bank Of Canada upgraded shares of Greencore Group (LON:GNC) to an outperform rating in a research report report published on Wednesday,Digital Look reports. Royal Bank Of Canada currently has GBX 345 price objective on the stock, up from their prior price objective of GBX 330.

A number of other analysts have also recently issued reports on GNC. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a GBX 325 price objective on shares of Greencore Group in a research report on Thursday, May 28th. Jefferies Financial Group reissued a “hold” rating and issued a GBX 185 price target on shares of Greencore Group in a report on Thursday, May 28th. Berenberg Bank reaffirmed a “buy” rating and set a GBX 351 price objective on shares of Greencore Group in a report on Thursday, July 23rd. Finally, Shore Capital Group reiterated a “house stock” rating on shares of Greencore Group in a research report on Monday, July 20th. Three equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, Greencore Group has an average rating of “Moderate Buy” and an average target price of GBX 301.50.

Greencore Group Trading Up 0.2%

Greencore Group stock opened at GBX 260.40 on Wednesday. The business has a 50 day moving average price of GBX 211.74 and a two-hundred day moving average price of GBX 241.91. The company has a quick ratio of 0.62, a current ratio of 0.74 and a debt-to-equity ratio of 80.03. Greencore Group has a 12 month low of GBX 191.10 and a 12 month high of GBX 307.50. The stock has a market cap of £2.06 billion, a price-to-earnings ratio of 93.00, a price-to-earnings-growth ratio of 0.10 and a beta of 0.81.

Insider Buying and Selling at Greencore Group

In related news, insider Dalton Philips acquired 35,700 shares of the company’s stock in a transaction on Friday, May 29th. The stock was purchased at an average cost of GBX 204 per share, for a total transaction of £72,828. Also, insider Leslie Van de Walle acquired 350,000 shares of the business’s stock in a transaction on Wednesday, July 22nd. The shares were bought at an average cost of GBX 238 per share, with a total value of £833,000. Insiders have purchased 646,700 shares of company stock worth $143,176,800 over the last three months. Company insiders own 1.14% of the company’s stock.

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, 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.