Numis Securities Reiterates Hold Rating for Greencore Group (GNC)

Greencore Group (LON:GNC)‘s stock had its “hold” rating restated by analysts at Numis Securities in a research note issued to investors on Thursday, May 10th.

A number of other research firms have also recently commented on GNC. Shore Capital reaffirmed a “buy” rating on shares of Greencore Group in a research report on Tuesday, January 30th. Barclays reissued an “overweight” rating and issued a GBX 253 ($3.39) target price on shares of Greencore Group in a research report on Wednesday, January 31st. Kepler Capital Markets reissued a “buy” rating and issued a GBX 250 ($3.35) target price on shares of Greencore Group in a research report on Tuesday, January 30th. Peel Hunt reissued a “buy” rating and issued a GBX 250 ($3.35) target price on shares of Greencore Group in a research report on Tuesday, January 30th. Finally, Berenberg Bank reduced their target price on shares of Greencore Group from GBX 305 ($4.09) to GBX 250 ($3.35) and set a “buy” rating for the company in a research report on Monday, March 5th. Four research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Greencore Group has a consensus rating of “Buy” and a consensus target price of GBX 259 ($3.48).

Greencore Group traded up GBX 8.50 ($0.11), reaching GBX 183.50 ($2.46), during midday trading on Thursday, Marketbeat Ratings reports. 15,248,229 shares of the company were exchanged, compared to its average volume of 8,760,000. Greencore Group has a one year low of GBX 120 ($1.61) and a one year high of GBX 263 ($3.53).

In other news, insider Patrick F. Coveney acquired 68,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 14th. The stock was acquired at an average price of GBX 127 ($1.70) per share, with a total value of £86,360 ($115,872.80).

Greencore Group Company Profile

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.

Analyst Recommendations for Greencore Group (LON:GNC)

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