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

Greencore Group logo with Consumer Defensive background

Shares of Greencore Group plc (LON:GNC - Get Free Report) passed above its 200-day moving average during trading on Thursday . The stock has a 200-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.

Analysts Set New Price Targets

Several research firms have commented on GNC. Deutsche Bank Aktiengesellschaft reiterated a "sell" rating and set a GBX 130 ($1.74) price objective on shares of Greencore Group in a research note on Thursday, September 12th. Shore Capital reiterated a "house stock" rating on shares of Greencore Group in a research report on Wednesday, July 24th.

View Our Latest Stock Analysis on GNC

Greencore Group Price Performance

The firm has a market capitalization of £816.27 million, a price-to-earnings ratio of 1,816.00, a PEG ratio of 0.10 and a beta of 1.19. The stock's 50-day moving average price is GBX 179.73 and its 200 day moving average price is GBX 160.78. The company has a quick ratio of 0.62, a current ratio of 0.79 and a debt-to-equity ratio of 78.73.

Greencore Group Company Profile

(Get Free Report)

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.

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