Insider Buying: Greencore Group (LON:GNC) Insider Buys 6,000 Shares of Stock

Greencore Group plc (LON:GNC) insider Leslie Van de Walle acquired 6,000 shares of the business’s stock in a transaction that occurred on Thursday, May 28th. The stock was bought at an average cost of GBX 214 per share, for a total transaction of £12,840.

Leslie Van de Walle also recently made the following trade(s):

• On Wednesday, May 27th, Leslie Van de Walle bought 30,000 shares of Greencore Group stock. The stock was acquired at an average price of GBX 227 per share, with a total value of £68,100.

Greencore Group Trading Down 2.9%

GNC stock traded down GBX 6.11 during mid-day trading on Friday, reaching GBX 204.49. The company’s stock had a trading volume of 5,513,383 shares, compared to its average volume of 7,404,573. The company has a market cap of £1.62 billion, a price-to-earnings ratio of 16.23, a price-to-earnings-growth ratio of 0.10 and a beta of 1.18. The business’s 50 day moving average price is GBX 242.87 and its 200 day moving average price is GBX 252.55. The company has a current ratio of 0.74, a quick ratio of 0.62 and a debt-to-equity ratio of 80.03. Greencore Group plc has a 12 month low of GBX 202.90 and a 12 month high of GBX 307.50.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. Jefferies Financial Group reiterated a “hold” rating and issued a GBX 185 target price on shares of Greencore Group in a report on Thursday. Berenberg Bank restated 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 restated a “house stock” rating on shares of Greencore Group in a report on Wednesday. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a GBX 325 price objective on shares of Greencore Group in a report on Thursday. Three investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of GBX 290.25.

Greencore Group News Roundup

Here are the key news stories impacting Greencore Group this week:

• Positive Sentiment: Multiple insiders bought shares this week, including Chair Leslie Van de Walle, executive director Dalton Philips, and non-executive director Alastair S. N. Murray. Insider buying is often viewed as a sign management believes the stock is undervalued. Article Title
• Positive Sentiment: Greencore reported a profit jump, with the Bakkavor integration supporting UK expansion and improving the company’s growth outlook. Article Title
• Positive Sentiment: Deutsche Bank reaffirmed a buy rating and raised its price target to GBX 325, which is well above the current trading range and signals analyst confidence in upside potential. Article Title
• Neutral Sentiment: Jefferies reaffirmed a hold rating with a GBX 185 price target, offering a more cautious view that partially offsets the bullish calls. Article Title
• Neutral Sentiment: Investors Chronicle highlighted the costs tied to the Bakkavor buyout, suggesting integration expenses and execution risk may still weigh on near-term sentiment. Article Title

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.