Greencore Group (LON:GNC) Stock Passes Above 200-Day Moving Average – Should You Sell?
by Danessa Lincoln · The Markets DailyShares of Greencore Group plc (LON:GNC – Get Free Report) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 250.13 and traded as high as GBX 273.50. Greencore Group shares last traded at GBX 268.50, with a volume of 1,184,182 shares.
Analyst Upgrades and Downgrades
A number of research analysts have recently issued reports on the company. Deutsche Bank Aktiengesellschaft started coverage on Greencore Group in a research report on Tuesday, January 20th. They set a “buy” rating and a GBX 325 target price on the stock. Royal Bank Of Canada reaffirmed an “outperform” rating and set a GBX 300 price objective on shares of Greencore Group in a report on Monday, November 24th. Finally, Shore Capital Group reiterated a “house stock” rating on shares of Greencore Group in a research report on Monday, January 19th. Two investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, Greencore Group currently has an average rating of “Buy” and a consensus price target of GBX 312.50.
Get Our Latest Stock Report on GNC
Greencore Group Stock Performance
The firm has a fifty day moving average price of GBX 268.32 and a 200 day moving average price of GBX 250.13. The company has a current ratio of 0.70, a quick ratio of 0.62 and a debt-to-equity ratio of 55.60. The firm has a market cap of £2.13 billion, a PE ratio of 21.31, a price-to-earnings-growth ratio of 0.10 and a beta of 1.19.
Insider Activity at Greencore Group
In other news, insider Dalton Philips purchased 1,560,113 shares of the firm’s stock in a transaction on Monday, December 8th. The shares were bought at an average cost of GBX 1 per share, for a total transaction of £15,601.13. Corporate insiders own 1.10% of the company’s stock.
Greencore Group Company Profile
We are a leading manufacturer of convenience food in the UK and our purpose is to make every day taste better. To help us achieve this we have a model called The Greencore Way, which is built on the differentiators of People at the Core, Great Food, Delivery Excellence, Lasting Partnerships and Sustainable Choices – The Greencore Way describes both who we are and how we will succeed.
Greencore is the UK’s leading convenience food manufacturer. We bring industry-leading innovation to create high-quality, fresh and convenient food to customers and consumers.