Greencore Group plc (GNC) Receives “Buy” Rating from Berenberg Bank
Berenberg Bank reissued their buy rating on shares of Greencore Group plc (LON:GNC) in a research note released on Friday, MarketBeat.com reports. The brokerage currently has a GBX 340 ($4.48) price target on the stock.
Other research analysts also recently issued reports about the stock. Whitman Howard reissued a buy rating and set a GBX 310 ($4.09) price objective on shares of Greencore Group plc in a research report on Thursday, July 20th. Shore Capital reissued a buy rating on shares of Greencore Group plc in a research report on Thursday, July 27th. Numis Securities Ltd reissued an add rating and set a GBX 272 ($3.59) price objective on shares of Greencore Group plc in a research report on Tuesday, May 30th. Peel Hunt reissued a buy rating and set a GBX 300 ($3.96) price objective on shares of Greencore Group plc in a research report on Thursday, July 27th. Finally, Investec reissued a buy rating and set a GBX 322 ($4.25) price objective on shares of Greencore Group plc in a research report on Wednesday, June 21st. One research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the stock. The stock currently has an average rating of Buy and an average price target of GBX 305.50 ($4.03).
Shares of Greencore Group plc (LON:GNC) opened at 222.30 on Friday. Greencore Group plc has a 12-month low of GBX 215.00 and a 12-month high of GBX 304.28. The stock’s market capitalization is GBX 1.34 billion. The firm has a 50-day moving average of GBX 238.93 and a 200 day moving average of GBX 243.27.
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The company also recently announced a dividend, which will be paid on Tuesday, October 3rd. Stockholders of record on Thursday, June 1st will be issued a GBX 2.10 ($0.03) dividend. This represents a dividend yield of 0.86%. The ex-dividend date of this dividend is Thursday, June 1st.
Greencore Group plc 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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