Greencore Group (LON:GNC) Stock Crosses Below 200-Day Moving Average – Time to Sell?

Greencore Group plc (LON:GNC) crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 242.56 and traded as low as GBX 236. Greencore Group shares last traded at GBX 238, with a volume of 1,981,292 shares traded.

Wall Street Analyst Weigh In

Separately, Royal Bank Of Canada reiterated an “outperform” rating and issued a GBX 300 price target on shares of Greencore Group in a report on Monday, November 24th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of GBX 300.

Greencore Group Stock Down 2.3%

The firm has a 50-day moving average of GBX 242.19 and a two-hundred day moving average of GBX 242.66. The company has a market capitalization of £1.03 billion, a PE ratio of 18.89, a price-to-earnings-growth ratio of 0.10 and a beta of 1.19. The company has a quick ratio of 0.62, a current ratio of 0.70 and a debt-to-equity ratio of 55.60.

Insider Activity at Greencore Group

In other news, insider Dalton Philips acquired 1,560,113 shares of the business’s stock in a transaction on Monday, December 8th. The stock was bought at an average price of GBX 1 per share, for a total transaction of £15,601.13. Also, insider Leslie Van de Walle acquired 40,000 shares of the stock in a transaction dated Wednesday, November 19th. The shares were bought at an average cost of GBX 236 per share, with a total value of £94,400. Insiders own 1.61% of the company’s stock.

Greencore Group Company Profile

We are a leading manufacturer of convenience food in the UK and our purpose is to make every day taste better. To help us achieve this we have a model called The Greencore Way, which is built on the differentiators of People at the Core, Great Food, Delivery Excellence, Lasting Partnerships and Sustainable Choices – The Greencore Way describes both who we are and how we will succeed.

We supply all of the major supermarkets in the UK. We also supply convenience and travel retail outlets, discounters, coffee shops, foodservice and other retailers.