Greencore Group (GNC) PT Lowered to GBX 305
Greencore Group (LON:GNC) had its target price lowered by equities researchers at Berenberg Bank from GBX 340 ($4.58) to GBX 305 ($4.10) in a research note issued to investors on Monday. The firm currently has a “buy” rating on the stock. Berenberg Bank’s price objective would indicate a potential upside of 40.62% from the stock’s current price.
Other analysts have also issued reports about the company. Shore Capital reissued a “buy” rating on shares of Greencore Group in a report on Thursday, August 24th. Whitman Howard reissued a “buy” rating and set a GBX 310 ($4.17) price objective on shares of Greencore Group in a report on Friday, September 22nd. Peel Hunt reissued a “buy” rating and set a GBX 300 ($4.04) price objective on shares of Greencore Group in a report on Thursday, August 24th. Kepler Capital Markets decreased their price objective on Greencore Group from GBX 300 ($4.04) to GBX 290 ($3.90) and set a “buy” rating for the company in a report on Tuesday, September 19th. Finally, Numis Securities reissued a “buy” rating and set a GBX 300 ($4.04) price objective (up from GBX 285 ($3.84)) on shares of Greencore Group in a report on Thursday, August 24th. Eight investment analysts have rated the stock with a buy rating, The stock has an average rating of “Buy” and an average target price of GBX 298.38 ($4.02).
Greencore Group (LON GNC) opened at GBX 216.90 ($2.92) on Monday. Greencore Group has a one year low of GBX 180.40 ($2.43) and a one year high of GBX 265.30 ($3.57).
In other Greencore Group news, insider Eoin Tonge bought 25,000 shares of the business’s stock in a transaction dated Friday, September 15th. The shares were purchased at an average price of GBX 187 ($2.52) per share, for a total transaction of £46,750 ($62,920.59).
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Greencore Group Company Profile
Greencore Group plc is a manufacturer of convenience food. The Company’s segments include Convenience Foods, and Ingredients & Property. The Convenience Foods segment includes Convenience Foods UK and Convenience Foods US. The Convenience Foods segment consists of Food to Go, Prepared Meals, Grocery and US.
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