Brokerages Set Greencore Group plc (GNC) Price Target at $298.38
Greencore Group plc (LON:GNC) has received a consensus rating of “Buy” from the nine analysts that are currently covering the stock, Marketbeat reports. Eight analysts have rated the stock with a buy recommendation. The average 12-month target price among brokers that have covered the stock in the last year is GBX 298.38 ($3.99).
GNC has been the subject of a number of analyst reports. Kepler Capital Markets cut their price objective on shares of Greencore Group from GBX 290 ($3.88) to GBX 250 ($3.34) and set a “buy” rating for the company in a research report on Wednesday, November 22nd. Shore Capital restated an “under review” rating on shares of Greencore Group in a research report on Tuesday, November 28th. Numis Securities restated a “buy” rating and set a GBX 300 ($4.01) price objective on shares of Greencore Group in a research report on Thursday, October 26th. Berenberg Bank lowered their price target on shares of Greencore Group from GBX 340 ($4.55) to GBX 305 ($4.08) and set a “buy” rating on the stock in a research note on Monday, December 11th. Finally, Whitman Howard reaffirmed a “buy” rating and set a GBX 310 ($4.14) price target on shares of Greencore Group in a research note on Thursday, September 7th.
Greencore Group (LON:GNC) remained flat at $GBX 222.50 ($2.97) during mid-day trading on Friday. Greencore Group has a 12 month low of GBX 180.40 ($2.41) and a 12 month high of GBX 265.30 ($3.55). The firm has a market capitalization of $1,570.00 and a P/E ratio of 11,125.00.
The firm also recently disclosed a dividend, which will be paid on Thursday, April 5th. Investors of record on Thursday, December 7th will be paid a GBX 3.37 ($0.05) dividend. This represents a yield of 1.59%. This is a boost from Greencore Group’s previous dividend of $2.10. The ex-dividend date of this dividend is Thursday, December 7th.
In other Greencore Group news, insider Patrick F. Coveney sold 97,978 shares of the firm’s stock in a transaction dated Monday, December 18th. The shares were sold at an average price of GBX 217 ($2.90), for a total transaction of £212,612.26 ($284,278.99).
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Greencore Group Company Profile
Greencore Group plc is a manufacturer of convenience food. The Company’s segments include Convenience Foods, and Ingredients & Property. The Convenience Foods segment includes Convenience Foods UK and Convenience Foods US. The Convenience Foods segment consists of Food to Go, Prepared Meals, Grocery and US.
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