Greencore Group (LON:GNC) Insider Buys £150,000 in Stock

Greencore Group plc (LON:GNC) insider Leslie Van de Walle purchased 75,000 shares of Greencore Group stock in a transaction that occurred on Monday, June 1st. The stock was bought at an average cost of GBX 200 per share, for a total transaction of £150,000.

Leslie Van de Walle also recently made the following trade(s):

• On Thursday, May 28th, Leslie Van de Walle purchased 6,000 shares of Greencore Group stock. The stock was bought at an average cost of GBX 214 per share, for a total transaction of £12,840.
• On Wednesday, May 27th, Leslie Van de Walle bought 30,000 shares of Greencore Group stock. The shares were acquired at an average cost of GBX 227 per share, for a total transaction of £68,100.

Greencore Group Stock Down 3.6%

LON GNC traded down GBX 7.40 during trading on Tuesday, reaching GBX 195.60. 720,018,250 shares of the company’s stock traded hands, compared to its average volume of 14,349,417. The company has a debt-to-equity ratio of 80.03, a current ratio of 0.74 and a quick ratio of 0.62. The firm has a market cap of £1.55 billion, a price-to-earnings ratio of 15.52, a price-to-earnings-growth ratio of 0.10 and a beta of 1.18. The company’s 50 day simple moving average is GBX 240.86 and its two-hundred day simple moving average is GBX 252.11. Greencore Group plc has a 12-month low of GBX 195.60 and a 12-month high of GBX 307.50.

Analyst Ratings Changes

A number of research firms have commented on GNC. Berenberg Bank reissued a “buy” rating and set a GBX 351 target price on shares of Greencore Group in a research report on Friday, May 15th. Shore Capital Group restated a “house stock” rating on shares of Greencore Group in a report on Wednesday, May 27th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a GBX 325 price target on shares of Greencore Group in a report on Thursday, May 28th. Finally, Jefferies Financial Group restated a “hold” rating and issued a GBX 185 price target on shares of Greencore Group in a report on Thursday, May 28th. Three research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 290.25.

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.