Greencore Group (LON:GNC) Shares Pass Above 200-Day Moving Average - What's Next?

Key Points

• Shares of Greencore Group plc have crossed above their 200-day moving average, indicating a potential bullish trend in the stock price.
• The company has a market capitalization of £1.09 billion and a price-to-earnings ratio of 22.66, suggesting a stable financial position.
• Greencore Group is a leading manufacturer of convenience food in the UK, supplying all major supermarkets, and focuses on enhancing daily food experiences through its operational model called The Greencore Way.

Greencore Group plc (LON:GNC - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 209.82 ($2.83) and traded as high as GBX 251.50 ($3.39). Greencore Group shares last traded at GBX 250.53 ($3.38), with a volume of 484,494 shares traded.

Greencore Group Trading Up 0.6%

The company has a market capitalization of £1.11 billion, a PE ratio of 23.02, a PEG ratio of 0.10 and a beta of 1.19. The company has a debt-to-equity ratio of 55.60, a quick ratio of 0.62 and a current ratio of 0.70. The stock has a fifty day moving average of GBX 242.43 and a 200 day moving average of GBX 210.84.

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. We supply all of the major supermarkets in the UK.