Greencore Group (LON:GNC) Trading 14.5% Higher – Here’s Why

Greencore Group plc (LON:GNC) traded up 14.5% during mid-day trading on Thursday . The stock traded as high as GBX 209.50 ($2.60) and last traded at GBX 209.50 ($2.60). 12,261,158 shares were traded during mid-day trading, an increase of 180% from the average session volume of 4,381,122 shares. The stock had previously closed at GBX 183 ($2.27).

Analysts Set New Price Targets

Separately, Shore Capital reiterated a “house stock” rating on shares of Greencore Group in a report on Thursday, January 30th.

Greencore Group Price Performance

The stock has a market cap of £922.06 million, a PE ratio of 2,055.00, a P/E/G ratio of 0.10 and a beta of 1.19. The company has a debt-to-equity ratio of 78.73, a quick ratio of 0.62 and a current ratio of 0.79. The business has a 50 day moving average price of GBX 194.99 and a two-hundred day moving average price of GBX 192.01.

Greencore Group Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Thursday, February 6th. Shareholders of record on Thursday, January 9th were given a GBX 2 ($0.02) dividend. The ex-dividend date of this dividend was Thursday, January 9th. This represents a yield of 1.01%. Greencore Group’s dividend payout ratio is currently 6,000.00%.

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, Excellence and Sustainability – The Greencore Way describes both who we are and how we will succeed.

We supply all of the major supermarkets in the UK.