Greencore Group (LON:GNC) Share Price Passes Above Two Hundred Day Moving Average of $157.07

Greencore Group plc (LON:GNC) shares crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 157.07 ($2.10) and traded as high as GBX 181 ($2.42). Greencore Group shares last traded at GBX 179.58 ($2.40), with a volume of 519,687 shares.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on GNC. Shore Capital reaffirmed a “house stock” rating on shares of Greencore Group in a research report on Wednesday, July 24th. Deutsche Bank Aktiengesellschaft reissued 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 Trading Up 1.9 %

The business’s fifty day simple moving average is GBX 179.56 and its two-hundred day simple moving average is GBX 158.10. The company has a quick ratio of 0.62, a current ratio of 0.79 and a debt-to-equity ratio of 78.73. The company has a market cap of £828.39 million, a price-to-earnings ratio of 1,669.09, 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.