Published On: Wed, Oct 19th, 2016

Greencore Group (LON:GNC) Receives Buy Rating From Jefferies Analysts

Greencore Group (LON:GNC) had its stock rating reiterated as ‘Buy’ in a report released by analysts at Jefferies.

Jefferies today set a target price of 410 on the company’s stock. According to the analyst this now indicates there is a potential increase of 29.75% from Greencore Group’s current price of 316.


Over the last twelve months Greencore Group’s stock price has increased by 8.79% from 290.48 to 316.

There are currently 408,201,000 shares in issue with a current share value of 316 giving Greencore Group a market capitalisation of 1.29B GBp .

Greencore Group (LON:GNC) has a 50 day moving average of 335.66 and a 200 day moving average of 340.54. The 52 week high for the share price is 396.7 while the 52 week low for the stock is 235.

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. It offers solutions in the United Kingdom convenience food market across food to go; chilled prepared meals; chilled soups and sauces; ambient sauces and pickles; cakes and desserts, and Yorkshire Puddings. In the United States, the Company serves both the convenience and small store channel, and the grocery channel. Its Food to Go business in the United Kingdom is the manufacturer of pre-packed sandwiches, wraps, rolls, sub-rolls, flatbreads, baguettes, bagels, prepared salads and sushi. Its Prepared Meals business produces chilled ready meals, chilled sauces, chilled soups and quiches.