Kepler Capital Markets Cuts Greencore Group plc (GNC) Price Target to GBX 290
Greencore Group plc (LON:GNC) had its target price cut by Kepler Capital Markets from GBX 300 ($4.04) to GBX 290 ($3.91) in a research note released on Tuesday morning. They currently have a buy rating on the stock.
Other equities analysts have also issued research reports about the company. Whitman Howard reaffirmed a buy rating and issued a GBX 310 ($4.18) price target on shares of Greencore Group plc in a research report on Thursday, July 20th. Berenberg Bank lowered their price target on Greencore Group plc from GBX 350 ($4.72) to GBX 340 ($4.58) and set a buy rating for the company in a research report on Friday, May 26th. Shore Capital reiterated a buy rating on shares of Greencore Group plc in a report on Thursday, July 27th. Finally, Numis Securities Ltd reiterated an add rating and issued a GBX 272 ($3.67) price objective on shares of Greencore Group plc in a report on Tuesday, May 30th. Ten equities research analysts have rated the stock with a buy rating, The company has an average rating of Buy and an average price target of GBX 307.75 ($4.15).
Greencore Group plc (LON:GNC) opened at 191.90 on Tuesday. The firm’s market cap is GBX 1.16 billion. The stock has a 50 day moving average of GBX 210.01 and a 200-day moving average of GBX 234.61. Greencore Group plc has a 12 month low of GBX 182.30 and a 12 month high of GBX 288.25.
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In related news, insider Thomas Sampson acquired 35,000 shares of the business’s stock in a transaction that occurred on Friday, August 25th. The stock was bought at an average cost of GBX 196 ($2.64) per share, for a total transaction of £68,600 ($92,490.23). Also, insider Patrick Gary Kennedy acquired 10,000 shares of the business’s stock in a transaction that occurred on Thursday, August 24th. The shares were bought at an average price of GBX 196 ($2.64) per share, with a total value of £19,600 ($26,425.78). Over the last 90 days, insiders have acquired 89,500 shares of company stock valued at $17,356,000.
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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