Alastair Murray Acquires 25,000 Shares of Greencore Group (LON:GNC) Stock

Greencore Group plc (LON:GNC) insider Alastair Murray purchased 25,000 shares of Greencore Group stock in a transaction on Friday, May 29th. The stock was bought at an average price of GBX 205 per share, for a total transaction of £51,250.

Greencore Group Price Performance

LON GNC traded down GBX 6.11 on Friday, reaching GBX 204.49. The company had a trading volume of 5,513,383 shares, compared to its average volume of 7,404,573. The company has a quick ratio of 0.62, a current ratio of 0.74 and a debt-to-equity ratio of 80.03. The stock has a market capitalization of £1.62 billion, a PE ratio of 16.23, a price-to-earnings-growth ratio of 0.10 and a beta of 1.18. The firm’s 50 day moving average price is GBX 242.87 and its 200 day moving average price is GBX 252.55. Greencore Group plc has a 12 month low of GBX 202.90 and a 12 month high of GBX 307.50.

Greencore Group News Summary

Here are the key news stories impacting Greencore Group this week:

• Positive Sentiment: Multiple insiders bought shares this week, including Chair Leslie Van de Walle, executive director Dalton Philips, and non-executive director Alastair S. N. Murray. Insider buying is often viewed as a sign management believes the stock is undervalued. Article Title
• Positive Sentiment: Greencore reported a profit jump, with the Bakkavor integration supporting UK expansion and improving the company’s growth outlook. Article Title
• Positive Sentiment: Deutsche Bank reaffirmed a buy rating and raised its price target to GBX 325, which is well above the current trading range and signals analyst confidence in upside potential. Article Title
• Neutral Sentiment: Jefferies reaffirmed a hold rating with a GBX 185 price target, offering a more cautious view that partially offsets the bullish calls. Article Title
• Neutral Sentiment: Investors Chronicle highlighted the costs tied to the Bakkavor buyout, suggesting integration expenses and execution risk may still weigh on near-term sentiment. Article Title

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on GNC. Berenberg Bank restated a “buy” rating and issued a GBX 351 target price on shares of Greencore Group in a report on Friday, May 15th. Jefferies Financial Group restated a “hold” rating and issued a GBX 185 target price on shares of Greencore Group in a report on Thursday. Shore Capital Group restated a “house stock” rating on shares of Greencore Group in a report on Wednesday. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a GBX 325 target price on shares of Greencore Group in a report on Thursday. Three analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of GBX 290.25.

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.