Key Points
- Greencore insider Leslie Van de Walle bought 6,000 shares on May 28 for £12,840, following a larger purchase of 30,000 shares the day before. The buying activity suggests management confidence in the company.
- Analyst sentiment is mostly positive, with Deutsche Bank reaffirming a buy rating and lifting its price target to GBX 325, while Berenberg set a GBX 351 target. Overall, the stock carries a "Moderate Buy" consensus with an average target of GBX 290.25.
- Despite the insider buying and bullish analyst views, Greencore’s shares recently traded near their 1-year low at GBX 203, below both its 50-day and 200-day moving averages. The company also has notable leverage, with a debt-to-equity ratio of 80.03.
Greencore Group plc (LON:GNC - Get Free Report) insider Leslie Van de Walle purchased 6,000 shares of the stock in a transaction dated Thursday, May 28th. The stock was bought at an average cost of GBX 214 per share, with a total value of £12,840.
Leslie Van de Walle also recently made the following trade(s):
- On Wednesday, May 27th, Leslie Van de Walle purchased 30,000 shares of Greencore Group stock. The stock was bought at an average cost of GBX 227 per share, with a total value of £68,100.
Greencore Group Price Performance
GNC opened at GBX 203 on Friday. The stock has a 50-day moving average price of GBX 241.93 and a 200-day moving average price of GBX 252.21. The company has a debt-to-equity ratio of 80.03, a current ratio of 0.74 and a quick ratio of 0.62. The firm has a market cap of £1.61 billion, a PE ratio of 16.11, a P/E/G ratio of 0.10 and a beta of 1.18. Greencore Group plc has a 1 year low of GBX 202.91 and a 1 year high of GBX 307.50.
Analyst Upgrades and Downgrades
Several research firms have recently issued reports on GNC. Shore Capital Group reaffirmed a "house stock" rating on shares of Greencore Group in a research report on Wednesday. Deutsche Bank Aktiengesellschaft restated a "buy" rating and set a GBX 325 price target on shares of Greencore Group in a research note on Thursday. Berenberg Bank reiterated a "buy" rating and set a GBX 351 price objective on shares of Greencore Group in a research note on Friday, May 15th. Finally, Jefferies Financial Group reiterated a "hold" rating and set a GBX 185 price objective on shares of Greencore Group in a research note on Thursday. Three investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of GBX 290.25.
Read Our Latest Stock Analysis on GNC
Key Stories Impacting Greencore Group
Here are the key news stories impacting Greencore Group this week:
- Positive Sentiment: Chair Leslie Van de Walle bought 6,000 shares, adding to an earlier purchase of 30,000 shares, which signals insider confidence in Greencore’s outlook. Greencore insider purchase details
- Positive Sentiment: Executive director Dalton Philips also bought 35,700 shares, reinforcing the message that senior management sees value in the stock at current levels. Dalton Philips share purchase article
- Positive Sentiment: Deutsche Bank reaffirmed a buy rating and raised its price target to GBX 325, suggesting meaningful upside from recent trading levels. Deutsche Bank rating update
- Neutral Sentiment: Jefferies reiterated a hold rating with a GBX 185 target, indicating some analysts still see limited near-term upside. Jefferies rating update
- Neutral Sentiment: Recent coverage noted a profit jump tied to Bakkavor integration and UK expansion, but also highlighted costs associated with the buyout, leaving the market focused on how quickly those benefits translate into earnings. Profit jump and Bakkavor integration article
Greencore Group Company Profile
(
Get Free Report)
We are a leading manufacturer of convenience food in the UK and our purpose is to make every day taste better. To help us achieve this we have a model called The Greencore Way, which is built on the differentiators of People at the Core, Great Food, Delivery Excellence, Lasting Partnerships and Sustainable Choices – The Greencore Way describes both who we are and how we will succeed.
Greencore is the UK's leading convenience food manufacturer. We bring industry-leading innovation to create high-quality, fresh and convenient food to customers and consumers.
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