Brokerages Set Greencore Group plc (GNC) Target Price at $307.75

Shares of Greencore Group plc (LON:GNC) have been given a consensus recommendation of “Buy” by the ten brokerages that are currently covering the firm, Marketbeat.com reports. Ten research analysts have rated the stock with a buy recommendation. The average 12-month price target among brokerages that have covered the stock in the last year is GBX 307.75 ($4.05).

A number of equities research analysts have recently commented on the stock. Shore Capital reiterated a “buy” rating on shares of Greencore Group plc in a report on Thursday, August 24th. Whitman Howard restated a “buy” rating and issued a GBX 310 ($4.08) target price on shares of Greencore Group plc in a report on Friday, September 22nd. Numis Securities Ltd restated a “buy” rating and issued a GBX 300 ($3.94) target price (up from GBX 285 ($3.75)) on shares of Greencore Group plc in a report on Thursday, August 24th. Kepler Capital Markets lowered their target price on shares of Greencore Group plc from GBX 300 ($3.94) to GBX 290 ($3.81) and set a “buy” rating for the company in a report on Tuesday, September 19th. Finally, Peel Hunt restated a “buy” rating and issued a GBX 300 ($3.94) target price on shares of Greencore Group plc in a report on Thursday, July 27th.

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In other Greencore Group plc news, insider Eoin Tonge purchased 25,000 shares of Greencore Group plc stock in a transaction on Friday, September 15th. The shares were purchased at an average cost of GBX 187 ($2.46) per share, with a total value of £46,750 ($61,464.63). Also, insider Kevin F. O’Malley purchased 19,500 shares of Greencore Group plc stock in a transaction on Tuesday, August 29th. The shares were acquired at an average cost of GBX 198 ($2.60) per share, for a total transaction of £38,610 ($50,762.56). Over the last 90 days, insiders purchased 89,500 shares of company stock valued at $17,356,000.

Greencore Group plc (LON GNC) traded down 0.11% during trading on Friday, reaching GBX 186.50. 2,224,439 shares of the company’s stock traded hands. The firm has a 50 day moving average of GBX 195.99 and a 200 day moving average of GBX 227.08. The firm’s market capitalization is GBX 1.13 billion. Greencore Group plc has a 1-year low of GBX 180.40 and a 1-year high of GBX 274.27.

About Greencore Group plc

Greencore Group plc is a manufacturer of convenience food. The Company’s segments include Convenience Foods, and Ingredients & Property. The Convenience Foods segment includes Convenience Foods UK and Convenience Foods US. The Convenience Foods segment consists of Food to Go, Prepared Meals, Grocery and US.

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