Greencore Group plc (LON:GNC) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Greencore Group plc (LON:GNC) have been given an average rating of “Hold” by the eight ratings firms that are currently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is GBX 231.67 ($3.03).

Several research firms have recently issued reports on GNC. Shore Capital reaffirmed a “buy” rating on shares of Greencore Group in a research note on Tuesday, July 30th. HSBC reaffirmed a “buy” rating on shares of Greencore Group in a research note on Friday, June 28th. Numis Securities lifted their price target on Greencore Group from GBX 217 ($2.84) to GBX 245 ($3.20) and gave the stock an “add” rating in a research note on Tuesday, May 28th. Peel Hunt reaffirmed a “hold” rating on shares of Greencore Group in a research note on Friday. Finally, Berenberg Bank lifted their price target on Greencore Group from GBX 210 ($2.74) to GBX 250 ($3.27) and gave the stock a “hold” rating in a research note on Friday, September 6th.

Shares of LON:GNC traded up GBX 1.70 ($0.02) during midday trading on Friday, hitting GBX 229.10 ($2.99). 1,049,923 shares of the stock were exchanged, compared to its average volume of 8,760,000. The stock has a market cap of $1.02 billion and a P/E ratio of 15.69. The company has a current ratio of 0.69, a quick ratio of 0.57 and a debt-to-equity ratio of 111.77. Greencore Group has a twelve month low of GBX 160.90 ($2.10) and a twelve month high of GBX 231.60 ($3.03). The company has a 50 day moving average price of GBX 212.78 and a 200-day moving average price of GBX 212.94.

About Greencore Group

Greencore Group plc manufactures and sells various convenience food products primarily in the United Kingdom. The company provides sandwiches, sushi, salads, chilled ready meals, chilled soups and sauces, chilled quiche, ambient sauces and pickles, frozen Yorkshire puddings, cakes, and desserts. It also trades in Irish ingredients; and invests in properties.

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Analyst Recommendations for Greencore Group (LON:GNC)

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