Shore Capital Reiterates “House Stock” Rating for Greencore Group (LON:GNC)

Shore Capital restated their house stock rating on shares of Greencore Group (LON:GNC) in a research note published on Tuesday, Digital Look reports.

A number of other research firms also recently commented on GNC. Barclays boosted their price objective on shares of Greencore Group from GBX 205 ($2.70) to GBX 215 ($2.83) and gave the stock an underweight rating in a report on Thursday, November 28th. Jefferies Financial Group reissued a buy rating on shares of Greencore Group in a report on Friday, December 13th. Peel Hunt reissued a hold rating and set a GBX 220 ($2.89) price objective on shares of Greencore Group in a report on Friday, November 29th. Peel Hunt reissued a hold rating on shares of Greencore Group in a report on Tuesday, January 28th. Finally, HSBC reissued a buy rating on shares of Greencore Group in a report on Wednesday, January 8th. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company’s stock. The company has an average rating of Hold and an average target price of GBX 254.29 ($3.34).

GNC stock opened at GBX 245.80 ($3.23) on Tuesday. The company has a market cap of $1.10 billion and a P/E ratio of 22.39. Greencore Group has a 52 week low of GBX 191.25 ($2.52) and a 52 week high of £390.40 ($513.55). The company’s 50-day moving average price is GBX 250.39 and its 200 day moving average price is GBX 236.46. The company has a current ratio of 1.25, a quick ratio of 0.98 and a debt-to-equity ratio of 145.08.

The firm also recently declared a dividend, which will be paid on Friday, February 28th. Shareholders of record on Thursday, January 2nd will be issued a GBX 3.75 ($0.05) dividend. This represents a dividend yield of 1.56%. The ex-dividend date of this dividend is Thursday, January 2nd. This is an increase from Greencore Group’s previous dividend of $2.45. Greencore Group’s dividend payout ratio is 0.55%.

In other Greencore Group news, insider Patrick F. Coveney sold 154,249 shares of the company’s stock in a transaction dated Friday, February 7th. The shares were sold at an average price of GBX 237 ($3.12), for a total value of £365,570.13 ($480,886.78). Also, insider Helen Rose purchased 158 shares of Greencore Group stock in a transaction on Friday, January 24th. The stock was acquired at an average cost of GBX 223 ($2.93) per share, for a total transaction of £352.34 ($463.48).

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.

Further Reading: The limitations of an equal weight rating

Analyst Recommendations for Greencore Group (LON:GNC)

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