Peel Hunt Reiterates “Add” Rating for Greencore Group plc (GNC)

Peel Hunt reaffirmed their add rating on shares of Greencore Group plc (LON:GNC) in a research note published on Wednesday morning. Peel Hunt currently has a GBX 425 ($5.55) price target on the stock.

Several other brokerages have also commented on GNC. Goodbody reissued a buy rating on shares of Greencore Group plc in a report on Thursday, August 11th. Jefferies Group reissued a buy rating and set a GBX 410 ($5.35) price objective on shares of Greencore Group plc in a report on Wednesday, September 28th. Shore Capital reissued a hold rating on shares of Greencore Group plc in a report on Monday, July 25th. Numis Securities Ltd raised Greencore Group plc to a buy rating and boosted their price objective for the stock from GBX 378 ($4.93) to GBX 382 ($4.99) in a report on Thursday, July 28th. Finally, Berenberg Bank cut their price objective on Greencore Group plc from GBX 450 ($5.87) to GBX 440 ($5.74) and set a buy rating for the company in a report on Wednesday, June 1st. Two research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Greencore Group plc presently has an average rating of Buy and a consensus target price of GBX 405.57 ($5.29).

Analyst Recommendations for Greencore Group plc (LON:GNC)

Shares of Greencore Group plc (LON:GNC) opened at 337.20 on Wednesday. The stock’s 50 day moving average is GBX 347.48 and its 200 day moving average is GBX 344.15. Greencore Group plc has a 12 month low of GBX 235.00 and a 12 month high of GBX 396.70. The firm’s market cap is GBX 1.38 billion.

Greencore Group plc Company Profile

Greencore Group plc is engaged in international convenience food business. The Company’s segments are Convenience Foods, and Ingredients and Property. The Company’s Convenience Foods segment is engaged in production and sale of convenience foods. The Ingredients and Property segment is engaged in distribution of edible oils and molasses, and the management of the Company’s surplus property assets.

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