Greencore Group (LON:GNC) Receives Buy Rating from Berenberg Bank

Berenberg Bank reiterated their buy rating on shares of Greencore Group (LON:GNC) in a research report sent to investors on Friday morning, MarketBeat Ratings reports. The brokerage currently has a GBX 351 price target on the stock.

Other equities analysts have also issued reports about the company. Deutsche Bank Aktiengesellschaft started coverage on Greencore Group in a report on Tuesday, January 20th. They set a “buy” rating and a GBX 325 target price for the company. Shore Capital Group reissued a “house stock” rating on shares of Greencore Group in a report on Monday, January 19th. Three analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of GBX 325.33.

Greencore Group Stock Down 1.1%

LON:GNC opened at GBX 234.60 on Friday. The firm has a market capitalization of £1.86 billion, a PE ratio of 18.62, a price-to-earnings-growth ratio of 0.10 and a beta of 0.84. The stock has a 50 day moving average of GBX 247.16 and a 200-day moving average of GBX 252.67. Greencore Group has a 52 week low of GBX 188 and a 52 week high of GBX 307.50. The company has a current ratio of 0.68, a quick ratio of 0.62 and a debt-to-equity ratio of 42.22.

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.