Greencore Group (GNC) Receives Overweight Rating from Barclays
Greencore Group (LON:GNC)‘s stock had its “overweight” rating reaffirmed by Barclays in a research note issued to investors on Wednesday. They currently have a GBX 253 ($3.50) target price on the stock. Barclays’ price objective suggests a potential upside of 109.00% from the company’s previous close.
Other research analysts have also recently issued reports about the company. Peel Hunt cut Greencore Group to a “hold” rating in a research note on Tuesday. Shore Capital reaffirmed an “under review” rating on shares of Greencore Group in a research report on Tuesday, November 28th. Numis Securities reduced their price objective on Greencore Group from GBX 300 ($4.14) to GBX 275 ($3.80) and set a “buy” rating for the company in a research report on Wednesday, January 31st. Berenberg Bank reduced their price objective on Greencore Group from GBX 340 ($4.70) to GBX 305 ($4.21) and set a “buy” rating for the company in a research report on Monday, December 11th. Finally, Kepler Capital Markets reaffirmed a “buy” rating and set a GBX 250 ($3.45) price objective on shares of Greencore Group in a research report on Thursday, November 30th. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of GBX 276.25 ($3.82).
Greencore Group (LON GNC) opened at GBX 121.05 ($1.67) on Wednesday. Greencore Group has a 52 week low of GBX 120 ($1.66) and a 52 week high of GBX 263 ($3.63). The stock has a market capitalization of $855.22 and a PE ratio of 6,052.50.
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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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