Greencore Group plc (GNC) Earns Buy Rating from Jefferies Group LLC

Jefferies Group LLC reaffirmed their buy rating on shares of Greencore Group plc (LON:GNC) in a research report released on Friday, May 12th. The brokerage currently has a GBX 300 ($3.80) price target on the stock.

A number of other brokerages have also commented on GNC. Whitman Howard restated a buy rating and set a GBX 310 ($3.92) price target on shares of Greencore Group plc in a research note on Monday, January 30th. Shore Capital restated a buy rating on shares of Greencore Group plc in a research note on Tuesday, January 31st. Peel Hunt restated a buy rating and set a GBX 300 ($3.80) price target on shares of Greencore Group plc in a research note on Tuesday, January 31st. Investec restated a buy rating and set a GBX 325 ($4.11) price target on shares of Greencore Group plc in a research note on Tuesday, January 31st. Finally, Numis Securities Ltd upgraded shares of Greencore Group plc to a buy rating and set a GBX 285 ($3.61) price target for the company in a research note on Wednesday, February 1st. One equities research analyst has rated the stock with a hold rating and nine have issued a buy rating to the company. Greencore Group plc has a consensus rating of Buy and a consensus price target of GBX 318.38 ($4.03).

Shares of Greencore Group plc (GNC) traded up 1.51% during midday trading on Friday, hitting GBX 248.60. 3,576,933 shares of the stock traded hands. The firm has a 50-day moving average price of GBX 238.54 and a 200-day moving average price of GBX 243.29. Greencore Group plc has a 52 week low of GBX 193.26 and a 52 week high of GBX 304.28. The stock’s market capitalization is GBX 1.50 billion.

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The business also recently declared a dividend, which will be paid on Tuesday, October 3rd. Investors of record on Thursday, June 1st will be issued a GBX 2.10 ($0.03) dividend. This represents a dividend yield of 0.86%. The ex-dividend date is Thursday, June 1st.

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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