Greencore Group (LON:GNC) Stock Keeps Hold Rating at Jefferies Financial Group

Greencore Group (LON:GNC)‘s stock had its “hold” rating restated by research analysts at Jefferies Financial Group in a research report issued on Tuesday, Digital Look reports. They currently have a GBX 185 price objective on the stock. Jefferies Financial Group’s target price would suggest a potential downside of 31.07% from the stock’s current price.

Several other equities research analysts also recently issued reports on GNC. Shore Capital Group reissued a “house stock” rating on shares of Greencore Group in a research report on Monday, July 20th. Royal Bank Of Canada raised shares of Greencore Group to an “outperform” rating and upped their target price for the stock from GBX 330 to GBX 345 in a research note on Wednesday, July 29th. Finally, Berenberg Bank reaffirmed a “buy” rating and issued a GBX 351 target price on shares of Greencore Group in a research note on Thursday, July 23rd. Three equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of GBX 301.50.

Greencore Group Stock Up 2.4%

GNC traded up GBX 6.20 during trading on Tuesday, reaching GBX 268.40. The company had a trading volume of 5,535,236 shares, compared to its average volume of 6,838,507. The company has a debt-to-equity ratio of 80.03, a current ratio of 0.74 and a quick ratio of 0.62. Greencore Group has a 12 month low of GBX 191.10 and a 12 month high of GBX 307.50. The business’s fifty day moving average price is GBX 255.83 and its 200 day moving average price is GBX 236.92. The company has a market cap of £2.15 billion, a P/E ratio of 95.86, a PEG ratio of 0.10 and a beta of 0.85.

Insider Buying and Selling at Greencore Group

In other Greencore Group news, insider Leslie Van de Walle bought 350,000 shares of Greencore Group stock in a transaction that occurred on Wednesday, July 22nd. The stock was acquired at an average price of GBX 238 per share, for a total transaction of £833,000. 1.19% of the stock is owned by corporate insiders.

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.