Greencore Group’s (GNC) “Buy” Rating Reiterated at Berenberg Bank

Berenberg Bank reiterated their buy rating on shares of Greencore Group (LON:GNC) in a research note issued to investors on Thursday morning,Digital Look reports. Berenberg Bank currently has a GBX 351 target price on the stock.

A number of other brokerages have also issued reports on GNC. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a GBX 325 price objective on shares of Greencore Group in a report on Thursday, May 28th. Jefferies Financial Group reissued a “hold” rating and set a GBX 185 target price on shares of Greencore Group in a report on Thursday, May 28th. Finally, Shore Capital Group restated a “house stock” rating on shares of Greencore Group in a research report on Monday, July 20th. Three analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of GBX 290.25.

Greencore Group Stock Performance

Shares of GNC stock opened at GBX 247.20 on Thursday. The business’s 50-day moving average price is GBX 209.78 and its 200-day moving average price is GBX 241.44. Greencore Group has a 12 month low of GBX 191.10 and a 12 month high of GBX 307.50. The firm has a market capitalization of £1.96 billion, a price-to-earnings ratio of 88.29, a PEG ratio of 0.10 and a beta of 0.81. The company has a current ratio of 0.74, a quick ratio of 0.62 and a debt-to-equity ratio of 80.03.

Insider Transactions at Greencore Group

In other news, insider Leslie Van de Walle purchased 350,000 shares of the company’s stock in a transaction dated Wednesday, July 22nd. The shares were purchased at an average price of GBX 238 per share, for a total transaction of £833,000. Also, insider Dalton Philips acquired 35,700 shares of Greencore Group stock in a transaction dated Friday, May 29th. The stock was purchased at an average cost of GBX 204 per share, for a total transaction of £72,828. In the last 90 days, insiders have bought 646,700 shares of company stock worth $143,176,800. Company insiders own 1.14% of the company’s stock.

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.