Insider Buying: Greencore Group (LON:GNC) Insider Purchases £833,000 in Stock

Key Points

• Greencore insider Leslie Van de Walle bought 350,000 shares on July 22 for about £833,000, continuing a recent run of purchases in the company’s stock.
• Van de Walle has also made several other buys since late May, including 125,000 shares in June and 75,000 shares earlier that month, signaling repeated insider confidence.
• Greencore shares were down 1.7% to GBX 236.60, while analysts remain generally positive with a Moderate Buy consensus and a price target of GBX 290.25.

Greencore Group plc (LON:GNC - Get Free Report) insider Leslie Van de Walle acquired 350,000 shares of Greencore Group stock in a transaction on Wednesday, July 22nd. The shares were bought at an average cost of GBX 238 per share, for a total transaction of £833,000.

Leslie Van de Walle also recently made the following trade(s):

• On Tuesday, June 9th, Leslie Van de Walle acquired 125,000 shares of Greencore Group stock. The stock was bought at an average price of GBX 195 per share, with a total value of £243,750.
• On Monday, June 1st, Leslie Van de Walle acquired 75,000 shares of Greencore Group stock. The shares were purchased at an average cost of GBX 200 per share, for a total transaction of £150,000.
• On Thursday, May 28th, Leslie Van de Walle bought 6,000 shares of Greencore Group stock. The shares were purchased at an average price of GBX 214 per share, for a total transaction of £12,840.
• On Wednesday, May 27th, Leslie Van de Walle bought 30,000 shares of Greencore Group stock. The stock was purchased at an average cost of GBX 227 per share, with a total value of £68,100.

Greencore Group Stock Down 1.7%

Shares of LON:GNC opened at GBX 236.60 on Thursday. The firm has a market capitalization of £1.88 billion, a P/E ratio of 84.50, a P/E/G ratio of 0.10 and a beta of 0.81. The company has a debt-to-equity ratio of 80.03, a quick ratio of 0.62 and a current ratio of 0.74. The stock has a 50 day moving average price of GBX 209.37 and a 200-day moving average price of GBX 241.42. Greencore Group plc has a 52-week low of GBX 191.10 and a 52-week high of GBX 307.50.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on GNC. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and issued a GBX 325 target price on shares of Greencore Group in a research report on Thursday, May 28th. Shore Capital Group reissued a "house stock" rating on shares of Greencore Group in a research note on Monday. Jefferies Financial Group restated a "hold" rating and issued a GBX 185 price objective on shares of Greencore Group in a report on Thursday, May 28th. Finally, Berenberg Bank reiterated a "buy" rating and set a GBX 351 target price on shares of Greencore Group in a report on Thursday. Three research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of GBX 290.25.

About Greencore Group

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.