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

Greencore Group plc (LON:GNC) shares crossed 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 trading hands.

Analyst Ratings Changes

GNC has been the topic of a number of recent research reports. Deutsche Bank Aktiengesellschaft began coverage on Greencore Group in a research report on Tuesday, January 20th. They set a “buy” rating and a GBX 325 target price on the stock. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a GBX 300 price target on shares of Greencore Group in a report on Monday, November 24th. Finally, Shore Capital Group reiterated a “house stock” rating on shares of Greencore Group in a research report on Monday, January 19th. Two analysts have rated the stock with a Buy rating, According to MarketBeat, Greencore Group has an average rating of “Buy” and an average target price of GBX 312.50.

Greencore Group Stock Up 0.8%

The business’s fifty day moving average price is GBX 269.05 and its 200 day moving average price is GBX 250.65. The company has a market capitalization of £2.05 billion, a P/E ratio of 20.52, a P/E/G ratio of 0.10 and a beta of 0.88. The company has a current ratio of 0.68, a quick ratio of 0.62 and a debt-to-equity ratio of 42.22.

Insider Transactions at Greencore Group

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

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.