Royal Bank Of Canada Upgrades Greencore Group (LON:GNC) to Outperform

Greencore Group (LON:GNCGet Free Report) was upgraded by research analysts at Royal Bank Of Canada to an “outperform” rating in a note issued to investors on Wednesday,Digital Look reports. The brokerage presently has a GBX 345 target price on the stock, up from their previous target price of GBX 330. Royal Bank Of Canada’s price target points to a potential upside of 35.72% from the stock’s current price.

Several other research analysts have also recently weighed in on the company. Jefferies Financial Group reissued a “hold” rating and issued a GBX 185 price objective on shares of Greencore Group in a research report on Thursday, May 28th. Shore Capital Group reissued a “house stock” rating on shares of Greencore Group in a report on Monday, July 20th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a GBX 325 price objective on shares of Greencore Group in a report on Thursday, May 28th. Finally, Berenberg Bank reissued a “buy” rating and set a GBX 351 target price on shares of Greencore Group in a research report on Thursday, July 23rd. Three investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of GBX 301.50.

Check Out Our Latest Analysis on GNC

Greencore Group Price Performance

Shares of LON GNC opened at GBX 254.20 on Wednesday. The company has a market capitalization of £2.02 billion, a PE ratio of 90.79, a PEG ratio of 0.10 and a beta of 0.81. 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’s 50 day moving average price is GBX 210.48 and its 200-day moving average price is GBX 241.51. Greencore Group has a twelve month low of GBX 191.10 and a twelve month high of GBX 307.50.

Insider Activity

In related news, insider Dalton Philips bought 35,700 shares of Greencore Group stock in a transaction on Friday, May 29th. The stock was acquired at an average price of GBX 204 per share, with a total value of £72,828. Also, insider Leslie Van de Walle purchased 350,000 shares of the firm’s stock in a transaction dated Wednesday, July 22nd. The shares were bought at an average price of GBX 238 per share, for a total transaction of £833,000. Over the last three months, insiders purchased 646,700 shares of company stock worth $143,176,800. 1.14% of the stock is owned by corporate insiders.

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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