Greencore Group PLC (NASDAQ:GNCGY) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Wednesday.

According to Zacks, “Greencore Group plc is a manufacturer of convenience foods. Its operating segment consists of Convenience Foods, and Ingredients and Property. Convenience Foods segment is engaged in production and sale of convenience foods. Ingredients and Property segment is engaged in distribution of edible oils and molasses, and the management of the Company’s surplus property assets. The company operates primarily in the UK and US. Greencore Group plc is headquartered in Dublin, Ireland. “

Greencore Group PLC (NASDAQ GNCGY) opened at 10.49 on Wednesday. The firm’s 50 day moving average price is $11.72 and its 200-day moving average price is $12.45. The company has a market capitalization of $1.58 billion and a PE ratio of 27.61. Greencore Group PLC has a 12-month low of $9.94 and a 12-month high of $22.31.

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Greencore Group PLC Company Profile

Greencore Group plc is a manufacturer of convenience food. The Company’s segments include Convenience Foods, and Ingredients & Property. The Convenience Foods segment includes Convenience Foods UK and Convenience Foods US. The Convenience Foods segment consists of Food to Go, Prepared Meals, Grocery and US.

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