Greencore Group (GNC) Rating Reiterated by Numis Securities

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Numis Securities reaffirmed their add rating on shares of Greencore Group (LON:GNC) in a report issued on Thursday morning, ThisIsMoney.Co.Uk reports.

GNC has been the subject of several other reports. Barclays reissued an underweight rating on shares of Greencore Group in a research note on Wednesday, April 10th. Jefferies Financial Group reissued a buy rating on shares of Greencore Group in a research note on Tuesday, April 9th. Peel Hunt reissued a hold rating on shares of Greencore Group in a research note on Monday, April 8th. Berenberg Bank lowered shares of Greencore Group to a hold rating and cut their target price for the company from GBX 230 ($3.01) to GBX 210 ($2.74) in a research note on Friday, March 15th. Finally, Shore Capital raised shares of Greencore Group to a buy rating in a research note on Monday, March 11th. One research analyst has rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the company’s stock. Greencore Group currently has a consensus rating of Hold and an average target price of GBX 216.25 ($2.83).

Shares of LON:GNC traded down GBX 2.20 ($0.03) during trading on Thursday, reaching GBX 227 ($2.97). The company had a trading volume of 4,683,096 shares, compared to its average volume of 8,760,000. The firm has a market cap of $1.01 billion and a P/E ratio of 47.29. Greencore Group has a twelve month low of GBX 154.20 ($2.01) and a twelve month high of GBX 231.60 ($3.03). The company has a current ratio of 2.01, a quick ratio of 0.34 and a debt-to-equity ratio of 74.17.

About Greencore Group

Greencore Group plc manufactures and sells various convenience food products primarily in the United Kingdom. The company provides sandwiches, sushi, salads, chilled ready meals, chilled soups and sauces, chilled quiche, ambient sauces and pickles, frozen Yorkshire puddings, cakes, and desserts. It also trades in Irish ingredients; and invests in properties.

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Analyst Recommendations for Greencore Group (LON:GNC)

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