Greencore Group (LON:GNC) Reaches New 1-Year High – Here’s Why

Greencore Group plc (LON:GNC)’s stock price reached a new 52-week high during trading on Friday . The company traded as high as GBX 219 ($2.84) and last traded at GBX 215.50 ($2.80), with a volume of 49606 shares. The stock had previously closed at GBX 215 ($2.79).

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the stock. Deutsche Bank Aktiengesellschaft reaffirmed a “sell” rating and issued a GBX 130 ($1.69) price target on shares of Greencore Group in a report on Thursday, September 12th. Shore Capital reissued a “house stock” rating on shares of Greencore Group in a report on Tuesday, October 8th.

Greencore Group Price Performance

The business’s fifty day simple moving average is GBX 189.89 and its 200-day simple moving average is GBX 170.13. The company has a current ratio of 0.79, a quick ratio of 0.62 and a debt-to-equity ratio of 78.73. The firm has a market cap of £966.93 million, a P/E ratio of 2,155.00, a PEG ratio of 0.10 and a beta of 1.19.

Greencore Group Company Profile

Greencore Group plc, together with its subsidiaries, manufactures and sells convenience food products in the United Kingdom and Ireland. The company offers sandwiches, salads, sushi, chilled snacking, chilled ready meals, chilled soups and sauces, chilled quiche, ambient sauces and pickles, and frozen Yorkshire Puddings.