Greencore Group (LON:GNC) Reaches New 12-Month High – Should You Buy?

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

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on GNC. Deutsche Bank Aktiengesellschaft reaffirmed a “sell” rating and issued a GBX 130 ($1.69) price target on shares of Greencore Group in a research note on Thursday, September 12th. Shore Capital reaffirmed a “house stock” rating on shares of Greencore Group in a research note on Tuesday, October 8th.

Greencore Group Stock Performance

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 stock has a market capitalization of £964.68 million, a P/E ratio of 2,150.00, a PEG ratio of 0.10 and a beta of 1.19. The firm’s 50-day simple moving average is GBX 188.45 and its 200 day simple moving average is GBX 169.26.

About Greencore Group

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.