Insider Buying: Greencore Group (LON:GNC) Insider Buys 25,000 Shares of Stock

Greencore Group plc (LON:GNC) insider Alastair Murray purchased 25,000 shares of Greencore Group stock in a transaction that occurred on Friday, May 29th. The shares were purchased at an average cost of GBX 205 per share, with a total value of £51,250.

Greencore Group Stock Down 2.9%

Shares of GNC traded down GBX 6.11 on Friday, hitting GBX 204.49. 5,513,383 shares of the stock traded hands, compared to its average volume of 7,404,573. The company has a market capitalization of £1.62 billion, a PE ratio of 16.23, a P/E/G ratio of 0.10 and a beta of 1.18. The company has a debt-to-equity ratio of 80.03, a quick ratio of 0.62 and a current ratio of 0.74. The business has a 50 day simple moving average of GBX 242.87 and a 200 day simple moving average of GBX 252.55. Greencore Group plc has a one year low of GBX 202.90 and a one year high of GBX 307.50.

More Greencore Group News

Here are the key news stories impacting Greencore Group this week:

• Positive Sentiment: Multiple insiders bought shares this week, including Chair Leslie Van de Walle, executive director Dalton Philips, and non-executive director Alastair S. N. Murray. Insider buying is often viewed as a sign management believes the stock is undervalued. Article Title
• Positive Sentiment: Greencore reported a profit jump, with the Bakkavor integration supporting UK expansion and improving the company’s growth outlook. Article Title
• Positive Sentiment: Deutsche Bank reaffirmed a buy rating and raised its price target to GBX 325, which is well above the current trading range and signals analyst confidence in upside potential. Article Title
• Neutral Sentiment: Jefferies reaffirmed a hold rating with a GBX 185 price target, offering a more cautious view that partially offsets the bullish calls. Article Title
• Neutral Sentiment: Investors Chronicle highlighted the costs tied to the Bakkavor buyout, suggesting integration expenses and execution risk may still weigh on near-term sentiment. Article Title

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on GNC shares. Berenberg Bank reiterated a “buy” rating and set a GBX 351 price target on shares of Greencore Group in a research note on Friday, May 15th. Jefferies Financial Group restated a “hold” rating and set a GBX 185 target price on shares of Greencore Group in a research note on Thursday. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a GBX 325 target price on shares of Greencore Group in a research note on Thursday. Finally, Shore Capital Group restated a “house stock” rating on shares of Greencore Group in a research note on Wednesday. Three equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of GBX 290.25.

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.