Greencore Group (LON:GNC) Stock Passes Above 200-Day Moving Average - Should You Sell?

Greencore Group plc (LON:GNC - Get Free Report)'s share price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 172.81 ($2.24) and traded as high as GBX 209 ($2.71). Greencore Group shares last traded at GBX 204 ($2.65), with a volume of 1,697,709 shares traded.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the company. Deutsche Bank Aktiengesellschaft reissued a "sell" rating and issued a GBX 130 ($1.69) price objective on shares of Greencore Group in a research report on Thursday, September 12th. Shore Capital reaffirmed a "house stock" rating on shares of Greencore Group in a research report on Tuesday, October 8th.

Greencore Group Trading Down 1.9 %

The stock has a 50-day simple moving average of GBX 193.07 and a 200 day simple moving average of GBX 172.81. The company has a current ratio of 0.79, a quick ratio of 0.62 and a debt-to-equity ratio of 78.73. The company has a market cap of £915.33 million, a price-to-earnings ratio of 2,040.00, 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.