Greencore Group (LON:GNC) Sets New 1-Year Low – Here’s What Happened

Shares of Greencore Group plc (LON:GNC) reached a new 52-week low during trading on Wednesday . The stock traded as low as GBX 213.20 and last traded at GBX 229.80, with a volume of 6363583 shares changing hands. The stock had previously closed at GBX 239.60.

Wall Street Analysts Forecast Growth

GNC has been the topic of several recent analyst reports. Shore Capital Group reissued a “house stock” rating on shares of Greencore Group in a report on Wednesday. Berenberg Bank reissued a “buy” rating and issued a GBX 351 target price on shares of Greencore Group in a report on Friday, May 15th. Three analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of GBX 325.33.

Greencore Group Stock Down 8.8%

The company has a market capitalization of £1.73 billion, a P/E ratio of 17.33, a PEG ratio of 0.10 and a beta of 0.84. The company has a current ratio of 0.68, a quick ratio of 0.62 and a debt-to-equity ratio of 42.22. The stock has a 50 day moving average price of GBX 244.55 and a 200 day moving average price of GBX 252.75.

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.

Greencore is the UK’s leading convenience food manufacturer. We bring industry-leading innovation to create high-quality, fresh and convenient food to customers and consumers.