Greencore Group (LON:GNC) Share Price Crosses Above 200-Day Moving Average - What's Next?

Greencore Group plc (LON:GNC - Get Free Report)'s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 192.69 ($2.43) and traded as high as GBX 207.99 ($2.62). Greencore Group shares last traded at GBX 204.50 ($2.58), with a volume of 4,192,019 shares.

Wall Street Analysts Forecast Growth

Separately, Shore Capital reaffirmed a "house stock" rating on shares of Greencore Group in a report on Thursday, January 30th.

Greencore Group Price Performance

The company has a current ratio of 0.70, a quick ratio of 0.62 and a debt-to-equity ratio of 55.60. The company has a market cap of £894.41 million, a P/E ratio of 18.59, a PEG ratio of 0.10 and a beta of 1.19. The business's fifty day moving average is GBX 194.41 and its 200 day moving average is GBX 193.06.

Greencore Group Cuts Dividend

The business also recently declared a dividend, which was paid on Thursday, February 6th. Investors of record on Thursday, January 9th were issued a GBX 2 ($0.03) dividend. The ex-dividend date was Thursday, January 9th. This represents a dividend yield of 1.01%. Greencore Group's dividend payout ratio (DPR) is presently 54.26%.

About Greencore Group

We are a leading manufacturer of convenience food in the UK and our purpose is to make every day taste better. To help us achieve this we have a model called The Greencore Way, which is built on the differentiators of People at the Core, Great Food, Excellence and Sustainability – The Greencore Way describes both who we are and how we will succeed. We supply all of the major supermarkets in the UK.