Greencore Group (LON:GNC) Stock Price Crosses Below 200-Day Moving Average – Here’s What Happened

by · The Cerbat Gem

Greencore Group plc (LON:GNC – Get Free Report) crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 190.22 ($2.34) and traded as low as GBX 189.40 ($2.33). Greencore Group shares last traded at GBX 191.60 ($2.36), with a volume of 845,421 shares trading hands.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the stock. Shore Capital reiterated a “house stock” rating on shares of Greencore Group in a research note on Wednesday, December 4th. Deutsche Bank Aktiengesellschaft restated a “sell” rating and set a GBX 130 ($1.60) target price on shares of Greencore Group in a report on Thursday, September 12th.

Get Our Latest Analysis on GNC

Greencore Group Stock Performance

The company has a current ratio of 0.79, a quick ratio of 0.62 and a debt-to-equity ratio of 78.73. The company has a market cap of £807.06 million, a price-to-earnings ratio of 1,798.71, a P/E/G ratio of 0.10 and a beta of 1.19. The stock has a 50 day moving average price of GBX 201.89 and a two-hundred day moving average price of GBX 190.34.

Greencore Group Cuts Dividend

The business also recently announced a dividend, which will be paid on Thursday, February 6th. Shareholders of record on Thursday, January 9th will be issued a dividend of GBX 2 ($0.02) per share. This represents a yield of 1.01%. The ex-dividend date of this dividend is Thursday, January 9th. Greencore Group’s dividend payout ratio (DPR) is currently 6,000.00%.

About Greencore Group

(Get Free Report)

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, Excellence and Sustainability – The Greencore Way describes both who we are and how we will succeed.

We supply all of the major supermarkets in the UK.

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