Greencore Group (LON:GNC) Share Price Crosses Below 200 Day Moving Average – Here’s What Happened

Greencore Group plc (LON:GNCGet Free Report)’s share price crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 250.56 and traded as low as GBX 192. Greencore Group shares last traded at GBX 195.19, with a volume of 3,702,370 shares trading hands.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on GNC. Jefferies Financial Group reissued a “hold” rating and issued a GBX 185 price target on shares of Greencore Group in a report on Thursday, May 28th. Berenberg Bank reissued a “buy” rating and issued a GBX 351 target price on shares of Greencore Group in a research note on Friday, May 15th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a GBX 325 price target on shares of Greencore Group in a research report on Thursday, May 28th. Finally, Shore Capital Group reaffirmed a “house stock” rating on shares of Greencore Group in a research note on Wednesday, May 27th. Three analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of GBX 290.25.

View Our Latest Stock Report on GNC

Greencore Group Stock Up 1.3%

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 stock’s 50 day moving average price is GBX 234.85 and its 200-day moving average price is GBX 250.56. The company has a market cap of £1.56 billion, a PE ratio of 70.33, a PEG ratio of 0.10 and a beta of 0.84.

Insider Buying and Selling at Greencore Group

In related news, insider Dalton Philips acquired 35,700 shares of Greencore Group stock in a transaction dated Friday, May 29th. The shares were purchased at an average cost of GBX 204 per share, with a total value of £72,828. Also, insider Alastair S. N. Murray acquired 25,000 shares of the firm’s stock in a transaction dated Friday, May 29th. The stock was bought at an average price of GBX 205 per share, for a total transaction of £51,250. Insiders acquired a total of 171,700 shares of company stock worth $35,501,800 over the last three months. Company insiders own 1.12% of the company’s stock.

Greencore Group Company Profile

(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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