Deutsche Bank Aktiengesellschaft Begins Coverage on Greencore Group (LON:GNC)

Equities researchers at Deutsche Bank Aktiengesellschaft started coverage on shares of Greencore Group (LON:GNC) in a research note issued to investors on Tuesday, MarketBeat.com reports. The firm set a “buy” rating and a GBX 325 price target on the stock. Deutsche Bank Aktiengesellschaft’s price objective would indicate a potential upside of 19.49% from the stock’s previous close.

Several other research firms have also weighed in on GNC. Shore Capital reaffirmed a “house stock” rating on shares of Greencore Group in a report on Monday. Royal Bank Of Canada restated an “outperform” rating and set a GBX 300 price target on shares of Greencore Group in a research report on Monday, November 24th. Two research analysts have rated the stock with a Buy rating, According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of GBX 312.50.

Greencore Group Stock Down 1.8%

GNC opened at GBX 272 on Tuesday. Greencore Group has a twelve month low of GBX 162.60 and a twelve month high of GBX 281. The firm has a market cap of £1.18 billion, a price-to-earnings ratio of 21.59, a PEG ratio of 0.10 and a beta of 1.19. The firm’s 50-day simple moving average is GBX 245.70 and its 200-day simple moving average is GBX 244.04. The company has a debt-to-equity ratio of 55.60, a quick ratio of 0.62 and a current ratio of 0.70.

Insiders Place Their Bets

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

About Greencore Group

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.