Greencore Group plc (GNC) Given New GBX 250 Price Target at Kepler Capital Markets
Greencore Group plc (LON:GNC) had its target price dropped by stock analysts at Kepler Capital Markets from GBX 290 ($3.81) to GBX 250 ($3.29) in a research report issued on Wednesday. The firm presently has a “buy” rating on the stock. Kepler Capital Markets’ target price indicates a potential upside of 27.49% from the stock’s current price.
A number of other equities research analysts also recently issued reports on GNC. Whitman Howard reaffirmed a “buy” rating and set a GBX 310 ($4.08) price target on shares of Greencore Group plc in a research note on Friday, September 29th. Shore Capital reissued a “buy” rating on shares of Greencore Group plc in a research note on Thursday, July 27th. Numis Securities Ltd reissued a “buy” rating and issued a GBX 300 ($3.95) target price on shares of Greencore Group plc in a research note on Tuesday, October 3rd. Peel Hunt reissued a “buy” rating and issued a GBX 300 ($3.95) target price on shares of Greencore Group plc in a research note on Thursday, August 24th. Finally, Berenberg Bank reissued a “buy” rating and issued a GBX 340 ($4.47) target price on shares of Greencore Group plc in a research note on Friday, July 28th. Nine analysts have rated the stock with a buy rating, The company currently has a consensus rating of “Buy” and an average price target of GBX 302.75 ($3.98).
Shares of Greencore Group plc (LON:GNC) opened at GBX 196.10 ($2.58) on Wednesday. Greencore Group plc has a 12 month low of GBX 180.40 ($2.37) and a 12 month high of GBX 265.30 ($3.49).
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In related news, insider Thomas Sampson purchased 35,000 shares of Greencore Group plc stock in a transaction that occurred on Friday, August 25th. The shares were bought at an average price of GBX 196 ($2.58) per share, with a total value of £68,600 ($90,227.54). Also, insider Eoin Tonge purchased 25,000 shares of Greencore Group plc stock in a transaction that occurred on Friday, September 15th. The stock was bought at an average cost of GBX 187 ($2.46) per share, for a total transaction of £46,750 ($61,488.89). Insiders purchased a total of 89,500 shares of company stock worth $17,356,000 in the last ninety days.
About Greencore Group plc
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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