Greencore Group’s (GNC) “Hold” Rating Reiterated at Jefferies Financial Group

Greencore Group (LON:GNC)‘s stock had its “hold” rating reiterated by equities researchers at Jefferies Financial Group in a note issued to investors on Tuesday, Digital Look reports. They presently have a GBX 185 price objective on the stock. Jefferies Financial Group’s price target would indicate a potential downside of 31.23% from the stock’s current price.

Other analysts have also recently issued research reports about the stock. Shore Capital Group reiterated a “house stock” rating on shares of Greencore Group in a research note on Monday, July 20th. Royal Bank Of Canada raised shares of Greencore Group to an “outperform” rating and raised their price objective for the stock from GBX 330 to GBX 345 in a research report on Wednesday, July 29th. Finally, Berenberg Bank restated a “buy” rating and issued a GBX 351 price objective on shares of Greencore Group in a research note on Thursday, July 23rd. Three analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 301.50.

Greencore Group Stock Performance

Shares of Greencore Group stock traded up GBX 6.80 during trading on Tuesday, reaching GBX 269. The company’s stock had a trading volume of 25,719,465 shares, compared to its average volume of 6,940,448. The company has a 50-day moving average price of GBX 255.83 and a two-hundred day moving average price of GBX 236.92. The firm has a market cap of £2.15 billion, a PE ratio of 96.07, a P/E/G ratio of 0.10 and a beta of 0.85. Greencore Group has a fifty-two week low of GBX 191.10 and a fifty-two week high of GBX 307.50. The company has a current ratio of 0.74, a quick ratio of 0.62 and a debt-to-equity ratio of 80.03.

Insider Activity

In related news, insider Leslie Van de Walle purchased 350,000 shares of the business’s stock in a transaction dated Wednesday, July 22nd. The stock was acquired at an average price of GBX 238 per share, for a total transaction of £833,000. Insiders own 1.19% of the company’s stock.

About Greencore Group

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.