Berenberg Bank Reiterates Buy Rating for Greencore Group (LON:GNC)

Greencore Group (LON:GNC)‘s stock had its “buy” rating reissued by analysts at Berenberg Bank in a report released on Thursday,Digital Look reports. They currently have a GBX 351 target price on the stock. Berenberg Bank’s price target would suggest a potential upside of 46.74% from the company’s current price.

A number of other brokerages have also recently issued reports on GNC. Shore Capital Group reaffirmed a “house stock” rating on shares of Greencore Group in a research note on Monday. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a GBX 325 price target on shares of Greencore Group in a research report on Thursday, May 28th. Finally, Jefferies Financial Group reaffirmed a “hold” rating and issued a GBX 185 price objective on shares of Greencore Group in a research report on Thursday, May 28th. Three investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of GBX 290.25.

Greencore Group Stock Down 0.6%

Shares of GNC opened at GBX 239.20 on Thursday. The business’s fifty day moving average price is GBX 209.37 and its two-hundred day moving average price is GBX 241.42. The company has a debt-to-equity ratio of 80.03, a quick ratio of 0.62 and a current ratio of 0.74. The firm has a market capitalization of £1.90 billion, a price-to-earnings ratio of 85.43, a PEG ratio of 0.10 and a beta of 0.81. Greencore Group has a 52 week low of GBX 191.10 and a 52 week high of GBX 307.50.

Insider Activity

In other news, insider Alastair S. N. Murray acquired 25,000 shares of the stock in a transaction dated Friday, May 29th. The shares were bought at an average cost of GBX 205 per share, for a total transaction of £51,250. Also, insider Leslie Van de Walle purchased 125,000 shares of the stock in a transaction on Tuesday, June 9th. The shares were acquired at an average cost of GBX 195 per share, for a total transaction of £243,750. Insiders bought a total of 296,700 shares of company stock valued at $59,876,800 in the last quarter. Company insiders own 1.14% 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.

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.