Greencore Group plc (GNC) Receives “Buy” Rating from Jefferies Group
Greencore Group plc (LON:GNC)‘s stock had its “buy” rating restated by analysts at Jefferies Group in a research note issued on Wednesday. They currently have a GBX 410 ($5.00) target price on the stock. Jefferies Group’s price target would suggest a potential upside of 34.07% from the company’s current price.
Other research analysts also recently issued reports about the company. Peel Hunt reaffirmed an “add” rating and issued a GBX 425 ($5.18) price target on shares of Greencore Group plc in a research report on Tuesday, July 26th. Goodbody reaffirmed a “buy” rating on shares of Greencore Group plc in a research report on Tuesday, October 4th. Numis Securities Ltd raised Greencore Group plc to a “buy” rating and lifted their price target for the stock from GBX 378 ($4.61) to GBX 382 ($4.66) in a research report on Thursday, July 28th. Societe Generale reaffirmed a “buy” rating and issued a GBX 400 ($4.88) price target on shares of Greencore Group plc in a research report on Wednesday, July 27th. Finally, Shore Capital reaffirmed a “hold” rating on shares of Greencore Group plc in a research report on Monday, July 25th. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Greencore Group plc has an average rating of “Buy” and a consensus price target of GBX 405.57 ($4.94).
Greencore Group plc (LON:GNC) opened at 315.00 on Wednesday. Greencore Group plc has a 52 week low of GBX 235.00 and a 52 week high of GBX 396.70. The company’s 50-day moving average price is GBX 335.66 and its 200 day moving average price is GBX 340.54. The company’s market capitalization is GBX 1.29 billion.
About Greencore Group plc
Greencore Group plc is engaged in international convenience food business. The Company’s segments are Convenience Foods, and Ingredients and Property. The Company’s Convenience Foods segment is engaged in production and sale of convenience foods. The Ingredients and Property segment is engaged in distribution of edible oils and molasses, and the management of the Company’s surplus property assets.
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