Greencore Group plc (GNC) Rating Increased to Buy at Peel Hunt
Greencore Group plc (LON:GNC) was upgraded by equities researchers at Peel Hunt to a “buy” rating in a research note issued on Monday. The firm currently has a GBX 425 ($5.31) price objective on the stock. Peel Hunt’s price target suggests a potential upside of 31.21% from the company’s previous close.
A number of other research firms have also weighed in on GNC. Goodbody reiterated a “buy” rating on shares of Greencore Group plc in a research report on Thursday, August 11th. Jefferies Group reiterated a “buy” rating and issued a GBX 410 ($5.12) price target on shares of Greencore Group plc in a research report on Wednesday, September 28th. Shore Capital reiterated a “hold” rating on shares of Greencore Group plc in a research report on Monday, July 25th. Numis Securities Ltd upgraded Greencore Group plc to a “buy” rating and increased their price target for the company from GBX 378 ($4.72) to GBX 382 ($4.77) in a research report on Thursday, July 28th. Finally, Societe Generale reiterated a “buy” rating and issued a GBX 400 ($5.00) price target on shares of Greencore Group plc in a research report on Wednesday, July 27th. One analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of GBX 405.57 ($5.07).
Greencore Group plc (LON:GNC) opened at 323.90 on Monday. The firm has a 50-day moving average price of GBX 317.60 and a 200-day moving average price of GBX 332.60. Greencore Group plc has a 12-month low of GBX 235.00 and a 12-month high of GBX 396.70. The stock’s market cap is GBX 1.32 billion.
The firm also recently disclosed a dividend, which will be paid on Tuesday, April 4th. Investors of record on Thursday, December 1st will be paid a GBX 4.10 ($0.05) dividend. This is an increase from Greencore Group plc’s previous dividend of $2.55. This represents a yield of 1.28%. The ex-dividend date of this dividend is Thursday, December 1st.
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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