Berenberg Bank Issues Positive Forecast for Greencore Group (LON:GNC) Stock Price

Greencore Group (LON:GNC) had its price target upped by investment analysts at Berenberg Bank from GBX 351 to GBX 384 in a research note issued to investors on Wednesday, Digital Look reports. The firm presently has a “buy” rating on the stock. Berenberg Bank’s target price would indicate a potential upside of 39.03% from the company’s current price.

Other research analysts have also recently issued reports about the stock. Shore Capital Group reaffirmed a “house stock” rating on shares of Greencore Group in a report on Monday, July 20th. Jefferies Financial Group reissued a “hold” rating and set a GBX 185 target price on shares of Greencore Group in a research note on Tuesday. Finally, Royal Bank Of Canada upgraded shares of Greencore Group to an “outperform” rating and upped their price target for the stock from GBX 330 to GBX 345 in a report on Wednesday, July 29th. Three investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, Greencore Group presently has an average rating of “Moderate Buy” and an average price target of GBX 309.75.

Greencore Group Price Performance

Shares of LON GNC opened at GBX 276.20 on Wednesday. The company has a current ratio of 0.74, a quick ratio of 0.62 and a debt-to-equity ratio of 80.03. The firm has a market cap of £2.21 billion, a P/E ratio of 98.64, a price-to-earnings-growth ratio of 0.10 and a beta of 0.85. The business’s 50 day moving average is GBX 255.96 and its 200-day moving average is GBX 237.11. Greencore Group has a 1-year low of GBX 191.10 and a 1-year high of GBX 307.50.

Insiders Place Their Bets

In other news, insider Leslie Van de Walle bought 350,000 shares of the company’s stock in a transaction that occurred on Wednesday, July 22nd. The shares were acquired at an average price of GBX 238 per share, for a total transaction of £833,000. 1.19% of the stock is owned by corporate insiders.

Greencore Group Company Profile

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.