Greencore Group (LON:GNC) Share Price Passes Below Two Hundred Day Moving Average - Should You Sell?

Key Points

• Price broke below 200‑day moving average: shares crossed under the 200‑day MA of GBX 253.27, trading as low as GBX 234.60 and last at GBX 238.98 on volume of 3,469,592.
• Analyst sentiment remains positive: two analysts rate the stock a Buy (Deutsche Bank initiated coverage with a GBX 325 target) and the average price target is GBX 312.50.
• Mixed fundamentals: market cap is £1.90bn with a PE of 19.06 and PEG 0.10, but liquidity metrics are weak (current ratio 0.68, quick ratio 0.62) and debt‑to‑equity is 42.22.

Greencore Group plc (LON:GNC - Get Free Report) shares crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 253.27 and traded as low as GBX 234.60. Greencore Group shares last traded at GBX 238.98, with a volume of 3,469,592 shares traded.

Wall Street Analyst Weigh In

A number of research firms have issued reports on GNC. Deutsche Bank Aktiengesellschaft began coverage on shares of Greencore Group in a research report on Tuesday, January 20th. They set a "buy" rating and a GBX 325 price target for the company. Shore Capital Group reissued a "house stock" rating on shares of Greencore Group in a research report on Monday, January 19th. Two equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, Greencore Group presently has an average rating of "Buy" and an average price target of GBX 312.50.

Greencore Group Stock Up 0.5%

The company has a current ratio of 0.68, a quick ratio of 0.62 and a debt-to-equity ratio of 42.22. The company has a market capitalization of £1.90 billion, a PE ratio of 19.06, a price-to-earnings-growth ratio of 0.10 and a beta of 0.85. The business's 50-day simple moving average is GBX 252.14 and its 200-day simple moving average is GBX 253.27.

Greencore Group Company Profile

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, Delivery Excellence, Lasting Partnerships and Sustainable Choices – The Greencore Way describes both who we are and how we will succeed. Greencore is the UK's leading convenience food manufacturer. We bring industry-leading innovation to create high-quality, fresh and convenient food to customers and consumers.

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