Greencore Group (LON:GNC) Sets New 1-Year High – What’s Next?
by Doug Wharley · The Cerbat GemGreencore Group plc (LON:GNC – Get Free Report) shares reached a new 52-week high during mid-day trading on Monday . The stock traded as high as GBX 297 and last traded at GBX 290.64, with a volume of 4721360 shares trading hands. The stock had previously closed at GBX 289.50.
Analyst Ratings Changes
A number of brokerages recently commented on GNC. Shore Capital reaffirmed a “house stock” rating on shares of Greencore Group in a research note on Monday, January 19th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a GBX 300 target price on shares of Greencore Group in a research report on Monday, November 24th. Finally, Deutsche Bank Aktiengesellschaft started coverage on shares of Greencore Group in a research report on Tuesday, January 20th. They set a “buy” rating and a GBX 325 price target on the stock. Two analysts have rated the stock with a Buy rating, According to MarketBeat, the stock has an average rating of “Buy” and a consensus target price of GBX 312.50.
View Our Latest Stock Analysis on Greencore Group
Greencore Group Trading Up 0.4%
The firm has a market cap of £1.26 billion, a PE ratio of 23.07, a PEG ratio of 0.10 and a beta of 1.19. The company has a quick ratio of 0.62, a current ratio of 0.70 and a debt-to-equity ratio of 55.60. The stock’s fifty day simple moving average is GBX 254.10 and its two-hundred day simple moving average is GBX 246.86.
Insider Buying and Selling
In related news, insider Dalton Philips bought 1,560,113 shares of the company’s stock in a transaction on Monday, December 8th. The shares were acquired at an average cost of GBX 1 per share, with a total value of £15,601.13. Also, insider Leslie Van de Walle bought 40,000 shares of the business’s stock in a transaction dated Wednesday, November 19th. The stock was bought at an average cost of GBX 236 per share, for a total transaction of £94,400. Insiders own 1.61% 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.
We supply all of the major supermarkets in the UK. We also supply convenience and travel retail outlets, discounters, coffee shops, foodservice and other retailers.