Insider Buying: Greencore Group (LON:GNC) Insider Buys 30,000 Shares of Stock

Greencore Group plc (LON:GNC) insider Leslie Van de Walle purchased 30,000 shares of the company’s stock in a transaction dated Wednesday, May 27th. The shares were purchased at an average cost of GBX 227 per share, for a total transaction of £68,100.

Greencore Group Stock Down 9.0%

Shares of LON:GNC traded down GBX 21.60 during trading hours on Wednesday, hitting GBX 218. The company’s stock had a trading volume of 13,058,502 shares, compared to its average volume of 7,258,437. 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 firm’s fifty day moving average price is GBX 244.55 and its 200 day moving average price is GBX 252.75. Greencore Group plc has a 52 week low of GBX 213.20 and a 52 week high of GBX 307.50. The company has a market capitalization of £1.73 billion, a price-to-earnings ratio of 17.30, a P/E/G ratio of 0.10 and a beta of 0.84.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on GNC. Shore Capital Group restated a “house stock” rating on shares of Greencore Group in a report on Wednesday. Berenberg Bank reissued a “buy” rating and issued a GBX 351 target price on shares of Greencore Group in a research report on Friday, May 15th. Three research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of GBX 325.33.

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.