Greencore Group (LON:GNC) PT Lowered to GBX 120 at Barclays

Greencore Group (LON:GNC) had its price objective trimmed by Barclays from GBX 135 ($1.66) to GBX 120 ($1.48) in a report published on Wednesday, Stock Target Advisor reports. The firm currently has an underweight rating on the stock.

GNC has been the topic of a number of other reports. HSBC reduced their price objective on shares of Greencore Group from GBX 270 ($3.32) to GBX 245 ($3.02) and set a buy rating on the stock in a research note on Wednesday, May 20th. Jefferies Financial Group reduced their price objective on shares of Greencore Group from GBX 165 ($2.03) to GBX 145 ($1.78) and set a hold rating on the stock in a research note on Monday, June 8th. Shore Capital reissued a house stock rating on shares of Greencore Group in a report on Wednesday, May 27th. Peel Hunt reissued a hold rating on shares of Greencore Group in a report on Tuesday, July 28th. Finally, Berenberg Bank dropped their target price on shares of Greencore Group from GBX 225 ($2.77) to GBX 210 ($2.58) and set a buy rating for the company in a report on Wednesday, May 27th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company. The stock has an average rating of Hold and a consensus price target of GBX 176.67 ($2.17).

Shares of Greencore Group stock opened at GBX 127.90 ($1.57) on Wednesday. The company has a market capitalization of $570.63 million and a price-to-earnings ratio of 8.75. The company has a quick ratio of 0.57, a current ratio of 0.70 and a debt-to-equity ratio of 119.74. Greencore Group has a 12-month low of GBX 1.25 ($0.02) and a 12-month high of GBX 282.20 ($3.47). The firm’s 50-day moving average price is GBX 125.59 and its two-hundred day moving average price is GBX 173.04.

In other Greencore Group news, insider Emma Hynes acquired 15,000 shares of the company’s stock in a transaction that occurred on Friday, May 22nd. The stock was acquired at an average price of GBX 126 ($1.55) per share, for a total transaction of £18,900 ($23,258.68). Also, insider Paul Joseph Drechsler acquired 37,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 27th. The stock was acquired at an average price of GBX 137 ($1.69) per share, with a total value of £50,690 ($62,380.01).

Greencore Group Company Profile

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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