Greencore Group (LON:GNC) Stock Price Expected to Rise, Berenberg Bank Analyst Says

Greencore Group (LON:GNC) had its target price lifted by investment analysts at Berenberg Bank from GBX 351 to GBX 384 in a research report issued on Wednesday, Digital Look reports. The firm currently has a “buy” rating on the stock. Berenberg Bank’s price objective would suggest a potential upside of 39.03% from the stock’s current price.

GNC has been the topic of several other research reports. Royal Bank Of Canada upgraded Greencore Group to an “outperform” rating and increased their target price for the stock from GBX 330 to GBX 345 in a report on Wednesday, July 29th. Shore Capital Group reaffirmed a “house stock” rating on shares of Greencore Group in a research note on Monday, July 20th. Finally, Jefferies Financial Group restated a “hold” rating and set a GBX 185 target price on shares of Greencore Group in a research report on Tuesday. Three equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, Greencore Group has a consensus rating of “Moderate Buy” and an average target price of GBX 309.75.

Greencore Group Stock Up 2.9%

GNC opened at GBX 276.20 on Wednesday. The firm has a market cap of £2.21 billion, a price-to-earnings ratio of 98.64, a PEG ratio of 0.10 and a beta of 0.85. Greencore Group has a twelve month low of GBX 191.10 and a twelve month high of GBX 307.50. 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 firm’s 50-day simple moving average is GBX 255.96 and its 200-day simple moving average is GBX 237.11.

Insiders Place Their Bets

In other Greencore Group news, insider Leslie Van de Walle purchased 350,000 shares of the firm’s stock in a transaction dated Wednesday, July 22nd. The stock was bought at an average cost of GBX 238 per share, with a total value of £833,000. 1.19% of the stock is currently owned by company insiders.

Greencore Group Company Profile

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.