Greencore Group (GNC) Receives “Buy” Rating from Jefferies Financial Group

Greencore Group (LON:GNC)‘s stock had its “buy” rating reissued by Jefferies Financial Group in a research note issued to investors on Tuesday, February 5th. They presently have a GBX 245 ($3.20) price target on the stock. Jefferies Financial Group’s target price suggests a potential upside of 25.64% from the stock’s current price.

Several other research analysts have also recently issued reports on the company. Kepler Capital Markets reiterated a “buy” rating on shares of Greencore Group in a research report on Tuesday, October 16th. Peel Hunt reiterated a “hold” rating and issued a GBX 205 ($2.68) price objective on shares of Greencore Group in a research report on Friday, October 19th. Shore Capital reiterated an “under review” rating on shares of Greencore Group in a research report on Monday, November 26th. Finally, HSBC started coverage on Greencore Group in a research report on Friday, January 25th. They issued a “buy” rating and a GBX 270 ($3.53) price objective for the company. Four research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Greencore Group presently has an average rating of “Buy” and an average price target of GBX 218.75 ($2.86).

LON:GNC traded down GBX 1 ($0.01) during trading hours on Tuesday, hitting GBX 195 ($2.55). The company’s stock had a trading volume of 3,567,572 shares, compared to its average volume of 8,760,000. Greencore Group has a 52-week low of GBX 120 ($1.57) and a 52-week high of GBX 263 ($3.44).

In other Greencore Group news, insider Helen Rose purchased 25,000 shares of the firm’s stock in a transaction on Tuesday, January 15th. The shares were purchased at an average cost of GBX 188 ($2.46) per share, with a total value of £47,000 ($61,413.82). Also, insider Eoin Tonge sold 64,796 shares of the firm’s stock in a transaction dated Tuesday, December 4th. The stock was sold at an average price of GBX 177 ($2.31), for a total value of £114,688.92 ($149,861.39).

Greencore Group Company Profile

Greencore Group plc manufactures and sells various convenience food products primarily in the United Kingdom. The company provides sandwiches, sushi, salads, chilled ready meals, chilled soups and sauces, chilled quiche, ambient sauces and pickles, frozen Yorkshire puddings, cakes, and desserts. It also trades in Irish ingredients; and invests in properties.

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Analyst Recommendations for Greencore Group (LON:GNC)

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