Greencore Group (LON:GNC) Reaches New 1-Year Low – Time to Sell?

Shares of Greencore Group plc (LON:GNC – Get Free Report) reached a new 52-week low during trading on Tuesday . The company traded as low as GBX 191.10 and last traded at GBX 195.60, with a volume of 720018250 shares changing hands. The stock had previously closed at GBX 203.

Analyst Ratings Changes

A number of research firms have commented on GNC. Berenberg Bank reaffirmed a “buy” rating and set a GBX 351 price objective on shares of Greencore Group in a research note on Friday, May 15th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a GBX 325 price objective on shares of Greencore Group in a research note on Thursday, May 28th. Shore Capital Group reaffirmed a “house stock” rating on shares of Greencore Group in a research note on Wednesday, May 27th. Finally, Jefferies Financial Group reaffirmed a “hold” rating and set a GBX 185 price objective on shares of Greencore Group in a research note on Thursday, May 28th. Three research 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, Greencore Group has a consensus rating of “Moderate Buy” and a consensus target price of GBX 290.25.

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Check Out Our Latest Analysis on GNC

Greencore Group Stock Down 3.6%

The company has a market cap of £1.55 billion, a price-to-earnings ratio of 15.52, a P/E/G ratio of 0.10 and a beta of 1.18. The company has a current ratio of 0.74, a quick ratio of 0.62 and a debt-to-equity ratio of 80.03. The business has a fifty day moving average price of GBX 240.86 and a two-hundred day moving average price of GBX 252.11.

Insider Activity

In other Greencore Group news, insider Dalton Philips bought 35,700 shares of the company’s stock in a transaction dated Friday, May 29th. The shares were bought at an average price of GBX 204 per share, for a total transaction of £72,828. Also, insider Leslie Van de Walle bought 75,000 shares of the company’s stock in a transaction dated Monday, June 1st. The stock was acquired at an average price of GBX 200 per share, for a total transaction of £150,000. Insiders have acquired 171,700 shares of company stock worth $35,501,800 in the last 90 days. Company insiders own 1.10% of the company’s stock.

About Greencore Group

(Get Free Report)

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.

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