Greencore Group (LON:GNC) Share Price Passes Below 200-Day Moving Average – Here’s What Happened

Greencore Group plc (LON:GNC)’s stock price passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 250.70 and traded as low as GBX 242. Greencore Group shares last traded at GBX 244.65, with a volume of 4,839,807 shares changing hands.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on GNC. Deutsche Bank Aktiengesellschaft began coverage on Greencore Group in a research note on Tuesday, January 20th. They set a “buy” rating and a GBX 325 target price on the stock. Shore Capital Group reissued a “house stock” rating on shares of Greencore Group in a report on Monday, January 19th. Two research analysts have rated the stock with a Buy rating, According to MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of GBX 312.50.

Greencore Group Price Performance

The firm has a market cap of £1.93 billion, a P/E ratio of 19.36, a PEG ratio of 0.10 and a beta of 0.83. The company has a debt-to-equity ratio of 42.22, a current ratio of 0.68 and a quick ratio of 0.62. The stock’s 50-day simple moving average is GBX 266.56 and its two-hundred day simple moving average is GBX 250.60.

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.