Zacks Investment Research cut shares of Greencore Group PLC (NASDAQ:GNCGY) from a hold rating to a sell rating in a research note released on Wednesday morning.

According to Zacks, “Greencore Group plc is a manufacturer of convenience foods. Its operating segment consists of Convenience Foods, and Ingredients and Property. Convenience Foods segment is engaged in production and sale of convenience foods. Ingredients and Property segment is engaged in distribution of edible oils and molasses, and the management of the Company’s surplus property assets. The company operates primarily in the UK and US. Greencore Group plc is headquartered in Dublin, Ireland. “

Greencore Group PLC (NASDAQ GNCGY) remained flat at $10.49 on Wednesday. The stock had a trading volume of 60 shares. Greencore Group PLC has a one year low of $9.94 and a one year high of $22.31. The company has a market cap of $1.58 billion and a price-to-earnings ratio of 27.61. The firm has a 50-day moving average of $11.67 and a 200-day moving average of $12.43.

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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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