Greencore Group (LON:GNC) Trading Down 9% – What’s Next?

Greencore Group plc (LON:GNC) shares traded down 9% during trading on Thursday . The stock traded as low as GBX 213.20 and last traded at GBX 218. 13,058,502 shares changed hands during trading, an increase of 80% from the average session volume of 7,258,437 shares. The stock had previously closed at GBX 239.60.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the company. Berenberg Bank reiterated a “buy” rating and set a GBX 351 price objective on shares of Greencore Group in a report on Friday, May 15th. Shore Capital Group reiterated a “house stock” rating on shares of Greencore Group in a report on Wednesday. Finally, Jefferies Financial Group reiterated a “hold” rating and set a GBX 185 price objective on shares of Greencore Group in a report on Thursday. 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.com, Greencore Group has an average rating of “Moderate Buy” and an average target price of GBX 290.25.

Greencore Group Price Performance

The company has a market cap of £1.70 billion, a PE ratio of 16.98, a price-to-earnings-growth ratio of 0.10 and a beta of 0.84. The company has a debt-to-equity ratio of 42.22, a quick ratio of 0.62 and a current ratio of 0.68. The stock has a 50 day moving average of GBX 243.80 and a 200-day moving average of GBX 252.65.

Insider Transactions at Greencore Group

In other news, insider Leslie Van de Walle bought 30,000 shares of Greencore Group stock in a transaction that occurred on Wednesday, May 27th. The stock was bought at an average price of GBX 227 per share, for a total transaction of £68,100. 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.