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

Key Points

• Shares of Greencore Group (LON:GNC) passed below their 200-day moving average (200‑day MA GBX 250.80), trading as low as GBX 236.38 and last at GBX 241.50 on volume of about 19.1 million shares.
• Analysts remain largely bullish, with two firms rating the stock a Buy and an average target price of GBX 312.50 (Deutsche Bank GBX 325, RBC GBX 300), implying significant upside from current levels.
• Key fundamentals: market capitalization ~£1.91 billion, P/E 19.17, current ratio 0.68 and debt-to-equity ~42%, factors investors should consider alongside the recent technical breach.

Greencore Group plc (LON:GNC - Get Free Report) shares passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 250.80 and traded as low as GBX 236.38. Greencore Group shares last traded at GBX 241.50, with a volume of 19,115,561 shares.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. Shore Capital Group reissued a "house stock" rating on shares of Greencore Group in a research note on Monday, January 19th. Deutsche Bank Aktiengesellschaft initiated 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 on the stock. Finally, Royal Bank Of Canada reiterated an "outperform" rating and issued a GBX 300 price objective on shares of Greencore Group in a research report on Monday, November 24th. Two equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Greencore Group currently has an average rating of "Buy" and an average target price of GBX 312.50.

Greencore Group Stock Performance

The stock has a market capitalization of £1.91 billion, a PE ratio of 19.17, a price-to-earnings-growth ratio of 0.10 and a beta of 0.83. The company has a quick ratio of 0.62, a current ratio of 0.68 and a debt-to-equity ratio of 42.22. The stock has a fifty day moving average of GBX 270.51 and a 200-day moving average of GBX 250.80.

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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