Greencore Group’s (GNC) “Hold” Rating Reaffirmed at Jefferies Financial Group

Greencore Group (LON:GNC)‘s stock had its “hold” rating reaffirmed by investment analysts at Jefferies Financial Group in a note issued to investors on Thursday,Digital Look reports. They currently have a GBX 185 target price on the stock. Jefferies Financial Group’s price target indicates a potential downside of 13.39% from the company’s current price.

Other research analysts have also recently issued reports about the stock. Shore Capital Group restated a “house stock” rating on shares of Greencore Group in a report on Wednesday. Berenberg Bank restated a “buy” rating and set a GBX 351 price target on shares of Greencore Group in a report on Friday, May 15th. Three equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of GBX 290.25.

Greencore Group Stock Down 2.0%

Shares of LON GNC opened at GBX 213.60 on Thursday. The stock has a market capitalization of £1.69 billion, a P/E ratio of 16.95, a P/E/G ratio of 0.10 and a beta of 0.84. The company has a 50-day moving average price of GBX 243.80 and a 200-day moving average price of GBX 252.65. Greencore Group has a 1 year low of GBX 212.55 and a 1 year high of GBX 307.50. The company has a debt-to-equity ratio of 42.22, a current ratio of 0.68 and a quick ratio of 0.62.

Insiders Place Their Bets

In other news, insider Leslie Van de Walle purchased 30,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 27th. The shares were acquired at an average cost of GBX 227 per share, for a total transaction of £68,100. Company insiders own 1.10% of the company’s stock.

About Greencore Group

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.