Royal Bank Of Canada Boosts Greencore Group to Outperform with GBX 345 Price Target
Financial news outlet MarketBeat reports that Greencore Group (LON:GNC) has been upgraded to 'outperform' by Royal Bank Of Canada. The research analysts increased their price target for the company to GBX 345, up from GBX 330, indicating a potential upside of 35.72%.
This upgrade is part of a broader trend in which several other research firms have issued positive reports on GNC. Berenberg Bank and Deutsche Bank Aktiengesellschaft both reiterated their 'buy' ratings for the company, while Jefferies Financial Group maintained its 'hold' rating.
Despite these mixed views, Greencore Group currently has a consensus rating of 'Moderate Buy' among analysts, with an average target price of GBX 301.50. The company's market cap stands at £2.02 billion and its beta is 0.81, indicating relatively low volatility.
In recent news, two insiders have purchased shares of GNC: Dalton Philips bought 35,700 shares on May 29th for an average price of GBX 204 per share, while Leslie Van de Walle acquired 350,000 shares on July 22nd at an average price of GBX 238 per share.