Greencore Group (LON:GNC) Shares Down 1.3% – Should You Sell?

Greencore Group plc (LON:GNC)’s share price was down 1.3% during mid-day trading on Wednesday. The company traded as low as GBX 295.80 and last traded at GBX 297.80. 1,833,662 shares were traded during mid-day trading, a decline of 75% from the average session volume of 7,243,428 shares. The stock had previously closed at GBX 301.80.

Analyst Ratings Changes

GNC has been the subject of several recent analyst reports. Berenberg Bank boosted their price objective on shares of Greencore Group from GBX 351 to GBX 384 and gave the stock a “buy” rating in a research note on Wednesday, October 14th. Shore Capital Group restated a “house stock” rating on shares of Greencore Group in a research note on Monday, July 20th. Royal Bank Of Canada upgraded shares of Greencore Group to an “outperform” rating and raised their target price for the company from GBX 330 to GBX 345 in a research note on Wednesday, July 29th. Finally, Jefferies Financial Group reaffirmed a “hold” rating and issued a GBX 185 price target on shares of Greencore Group in a report on Tuesday, October 13th. Three equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Greencore Group presently has a consensus rating of “Moderate Buy” and an average target price of GBX 309.75.

Greencore Group Stock Performance

The company has a debt-to-equity ratio of 80.03, a current ratio of 0.74 and a quick ratio of 0.62. The firm has a market cap of £2.41 billion, a price-to-earnings ratio of 107.43, a P/E/G ratio of 0.10 and a beta of 0.85. The firm has a fifty day simple moving average of GBX 267.93 and a two-hundred day simple moving average of GBX 249.84.

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.