Greencore Group (LON:GNC) Stock Passes Above 200-Day Moving Average – Here’s What Happened

Greencore Group plc (LON:GNC)’s stock price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 160.63 ($2.15) and traded as high as GBX 180 ($2.41). Greencore Group shares last traded at GBX 179.20 ($2.40), with a volume of 786,506 shares changing hands.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on GNC shares. Shore Capital restated a “house stock” rating on shares of Greencore Group in a report on Wednesday, July 24th. Deutsche Bank Aktiengesellschaft reaffirmed a “sell” rating and issued a GBX 130 ($1.74) price objective on shares of Greencore Group in a research report on Thursday, September 12th.

Greencore Group Stock Up 1.3 %

The company has a 50-day simple moving average of GBX 179.73 and a 200 day simple moving average of GBX 160.78. The company has a market cap of £816.27 million, a P/E ratio of 1,816.00, a P/E/G ratio of 0.10 and a beta of 1.19. The company has a current ratio of 0.79, a quick ratio of 0.62 and a debt-to-equity ratio of 78.73.

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.