Greencore Group (LON:GNC) Share Price Crosses Above 200-Day Moving Average – What’s Next?

Greencore Group plc (LON:GNC) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 195.61 ($2.53) and traded as high as GBX 197 ($2.55). Greencore Group shares last traded at GBX 194.60 ($2.52), with a volume of 98,956,039 shares changing hands.

Analysts Set New Price Targets

Separately, Shore Capital reaffirmed a “house stock” rating on shares of Greencore Group in a report on Thursday, January 30th.

Greencore Group Stock Down 0.2 %

The company has a market cap of £846.97 million, a PE ratio of 17.60, a P/E/G ratio of 0.10 and a beta of 1.19. The company has a quick ratio of 0.62, a current ratio of 0.70 and a debt-to-equity ratio of 55.60. The firm’s fifty day simple moving average is GBX 192.47 and its 200-day simple moving average is GBX 195.61.

Greencore Group Cuts Dividend

The company also recently disclosed a dividend, which was paid on Thursday, February 6th. Stockholders of record on Thursday, January 9th were given a GBX 2 ($0.03) dividend. This represents a dividend yield of 1.01%. The ex-dividend date of this dividend was Thursday, January 9th. Greencore Group’s dividend payout ratio is presently 54.26%.

Greencore Group Company Profile

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.

We supply all of the major supermarkets in the UK.