Greencore Group (LON:GNC) PT Lowered to GBX 120 at Barclays
Greencore Group (LON:GNC) had its price target reduced by Barclays from GBX 135 ($1.66) to GBX 120 ($1.48) in a research report report published on Wednesday morning, Stock Target Advisor reports. They currently have an underweight rating on the stock.
Other equities research analysts have also recently issued reports about the company. Peel Hunt reiterated a hold rating on shares of Greencore Group in a research note on Tuesday, July 28th. Jefferies Financial Group lowered their price objective on 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. HSBC lowered their price objective on 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. Shore Capital restated a house stock rating on shares of Greencore Group in a research note on Wednesday, May 27th. Finally, Berenberg Bank lowered their price objective on Greencore Group from GBX 225 ($2.77) to GBX 210 ($2.58) and set a buy rating on the stock in a research note on Wednesday, May 27th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and an average price target of GBX 176.67 ($2.17).
LON GNC opened at GBX 127.90 ($1.57) on Wednesday. The stock has a market capitalization of $570.63 million and a price-to-earnings ratio of 8.75. Greencore Group has a one year low of GBX 1.25 ($0.02) and a one year high of GBX 282.20 ($3.47). The company has a debt-to-equity ratio of 119.74, a current ratio of 0.70 and a quick ratio of 0.57. The business’s fifty day moving average is GBX 125.59 and its 200-day moving average is GBX 173.04.
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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