Greencore Group (LON:GNC) Reaches New 1-Year Low – Time to Sell?

Greencore Group plc (LON:GNC) shares hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as GBX 191.10 and last traded at GBX 195.60, with a volume of 720018250 shares trading hands. The stock had previously closed at GBX 203.

Analysts Set New Price Targets

GNC has been the topic of a number of recent analyst reports. Berenberg Bank restated a “buy” rating and set a GBX 351 price objective on shares of Greencore Group in a research note on Friday, May 15th. Shore Capital Group restated a “house stock” rating on shares of Greencore Group in a research note on Wednesday, May 27th. Jefferies Financial Group restated a “hold” rating and set a GBX 185 price objective on shares of Greencore Group in a research note on Thursday, May 28th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a GBX 325 price objective on shares of Greencore Group in a research note on Thursday, May 28th. Three investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of GBX 290.25.

Greencore Group Trading Down 3.6%

The company has a quick ratio of 0.62, a current ratio of 0.74 and a debt-to-equity ratio of 80.03. The firm’s 50-day simple moving average is GBX 240.86 and its 200 day simple moving average is GBX 252.11. The stock has a market capitalization of £1.55 billion, a P/E ratio of 15.52, a PEG ratio of 0.10 and a beta of 1.18.

Insiders Place Their Bets

In related news, insider Dalton Philips acquired 35,700 shares of the business’s stock in a transaction on Friday, May 29th. The shares were purchased at an average price of GBX 204 per share, for a total transaction of £72,828. Also, insider Alastair S. N. Murray acquired 25,000 shares of Greencore Group stock in a transaction on Friday, May 29th. The shares were purchased at an average cost of GBX 205 per share, with a total value of £51,250. Over the last three months, insiders have acquired 171,700 shares of company stock worth $35,501,800. 1.10% of the stock is owned by corporate insiders.

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.