Greencore Group (LON:GNC) Sets New 1-Year Low – Here’s What Happened

Greencore Group plc (LON:GNC)’s stock price hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as GBX 213.20 and last traded at GBX 229.80, with a volume of 6363583 shares traded. The stock had previously closed at GBX 239.60.

Wall Street Analyst Weigh In

GNC has been the subject of a number of research analyst reports. 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. Three equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of GBX 325.33.

Greencore Group Trading Down 8.8%

The company has a market cap of £1.73 billion, a P/E ratio of 17.33, a PEG ratio of 0.10 and a beta of 0.84. The business has a fifty day moving average price of GBX 244.55 and a 200-day moving average price of GBX 252.75. The company has a quick ratio of 0.62, a current ratio of 0.68 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.