Zacks Investment Research upgraded shares of Greencore Group (OTCMKTS:GNCGY) from a strong sell rating to a buy rating in a report issued on Tuesday morning, Zacks.com reports. The firm currently has $13.00 price objective on the stock.
According to Zacks, “Greencore Group plc is a manufacturer of convenience foods. Its operating segment consists of Convenience Foods, and Ingredients and Property. Convenience Foods segment is engaged in production and sale of convenience foods. Ingredients and Property segment is engaged in distribution of edible oils and molasses, and the management of the Company’s surplus property assets. The company operates primarily in the UK and US. Greencore Group plc is headquartered in Dublin, Ireland. “
Shares of Greencore Group stock opened at $11.18 on Tuesday. The company has a current ratio of 0.69, a quick ratio of 0.57 and a debt-to-equity ratio of 1.10. The business’s 50 day simple moving average is $10.94 and its 200-day simple moving average is $11.10. The stock has a market capitalization of $1.97 billion, a price-to-earnings ratio of 13.80, a PEG ratio of 1.40 and a beta of 1.15. Greencore Group has a twelve month low of $8.90 and a twelve month high of $11.70.
Greencore Group plc manufactures and sells various convenience food products primarily in the United Kingdom. The company provides sandwiches, sushi, salads, chilled ready meals, chilled soups and sauces, chilled quiche, ambient sauces and pickles, frozen Yorkshire puddings, cakes, and desserts. It also trades in Irish ingredients; and invests in properties.
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