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.

LON:GNC


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 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. The Convenience Foods segment is engaged in the production and sale of convenience food. The Ingredients & Property segment is engaged in the distribution of edible oils and molasses and the management of the Company’s property assets. The Food to Go division is a manufacturer of pre-packed sandwiches, such as baguettes, wraps and other food to go items. The Prepared Meals division produces chilled ready meals, chilled sauces, chilled soup and quiche. The Grocery division manufactures ambient cooking sauces and dips, table sauces, pickles and Yorkshire Puddings, and cakes and desserts. The US division produces sandwiches, salads, bistro boxes and sauces, both fresh and frozen.