Berenberg Bank upgraded shares of Greencore Group (LON:GNC) to a buy rating in a report released on Wednesday, Digital Look reports. The brokerage currently has GBX 285 ($3.75) price target on the stock, up from their prior price target of GBX 250 ($3.29).

Several other research analysts have also recently commented on the company. HSBC reaffirmed a buy rating on shares of Greencore Group in a research report on Wednesday, January 8th. Peel Hunt reaffirmed a hold rating on shares of Greencore Group in a research report on Tuesday, January 28th. Shore Capital reaffirmed a house stock rating on shares of Greencore Group in a research report on Tuesday. Jefferies Financial Group reaffirmed a buy rating on shares of Greencore Group in a research report on Friday, December 13th. Finally, Barclays raised their target price on Greencore Group from GBX 205 ($2.70) to GBX 215 ($2.83) and gave the stock an underweight rating in a research report on Thursday, November 28th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the stock. The company currently has an average rating of Hold and an average target price of GBX 254.29 ($3.34).

Shares of GNC traded down GBX 147.50 ($1.94) during mid-day trading on Wednesday, hitting GBX 242.90 ($3.20). The company’s stock had a trading volume of 551,913 shares, compared to its average volume of 8,760,000. Greencore Group has a one year low of GBX 183.35 ($2.41) and a one year high of GBX 323.20 ($4.25). The company has a debt-to-equity ratio of 108.90, a quick ratio of 0.53 and a current ratio of 0.69. The firm has a market capitalization of $1.08 billion and a PE ratio of 12.27. The stock’s 50-day moving average is GBX 250.39 and its two-hundred day moving average is GBX 236.46.

The company also recently announced a dividend, which will be paid on Friday, February 28th. Investors of record on Thursday, January 2nd will be given a GBX 3.75 ($0.05) dividend. This is a boost from Greencore Group’s previous dividend of $2.45. This represents a yield of 1.56%. The ex-dividend date is Thursday, January 2nd. Greencore Group’s dividend payout ratio (DPR) is 0.30%.

In other Greencore Group news, insider Patrick F. Coveney sold 154,249 shares of Greencore Group stock in a transaction on Friday, February 7th. The stock was sold at an average price of GBX 237 ($3.12), for a total transaction of £365,570.13 ($480,886.78). Also, insider Helen Rose acquired 158 shares of the business’s stock in a transaction on Friday, January 24th. The shares were bought at an average cost of GBX 223 ($2.93) per share, with a total value of £352.34 ($463.48).

Greencore Group Company Profile

Greencore Group plc manufactures and sells various convenience food products primarily in the United Kingdom. The company provides sandwiches, sushi, salads, chilled ready meals, chilled soups and sauces, chilled quiche, ambient sauces and pickles, frozen Yorkshire puddings, cakes, and desserts. It also trades in Irish ingredients; and invests in properties.

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Analyst Recommendations for Greencore Group (LON:GNC)

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