Greencore Group’s (GNC) Overweight Rating Reiterated at Barclays
Greencore Group (LON:GNC)‘s stock had its “overweight” rating reissued by equities researchers at Barclays in a research note issued to investors on Wednesday. They presently have a GBX 253 ($3.50) target price on the stock. Barclays’ price target points to a potential upside of 34.57% from the stock’s previous close.
Other equities research analysts have also issued reports about the company. Numis Securities restated a “buy” rating and set a GBX 300 ($4.14) price objective on shares of Greencore Group in a research report on Tuesday, November 28th. Kepler Capital Markets cut their price target on Greencore Group from GBX 290 ($4.01) to GBX 250 ($3.45) and set a “buy” rating for the company in a research note on Wednesday, November 22nd. Peel Hunt reaffirmed a “buy” rating and set a GBX 250 ($3.45) price target on shares of Greencore Group in a research note on Tuesday, January 30th. Shore Capital reaffirmed a “buy” rating on shares of Greencore Group in a research note on Tuesday, January 30th. Finally, Berenberg Bank cut their price target on Greencore Group from GBX 340 ($4.70) to GBX 305 ($4.21) and set a “buy” rating for the company in a research note on Monday, December 11th. Nine research analysts have rated the stock with a buy rating, The company has a consensus rating of “Buy” and an average target price of GBX 283.13 ($3.91).
Shares of Greencore Group (LON:GNC) traded up GBX 1 ($0.01) during midday trading on Wednesday, reaching GBX 188 ($2.60). The company’s stock had a trading volume of 3,953,196 shares, compared to its average volume of 6,010,000. Greencore Group has a 12-month low of GBX 180.40 ($2.49) and a 12-month high of GBX 265.30 ($3.67). The firm has a market cap of $1,320.00 and a price-to-earnings ratio of 9,400.00.
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About Greencore Group
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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