What Next for Greencore Group plc Stock After Today’s Huge Decline?

 What Next for Greencore Group plc Stock After Today's Huge Decline?

The stock of Greencore Group plc (LON:GNC) is a huge mover today! The stock decreased 1.24% or GBX 3.88 on November 18, hitting GBX 308.42. About 1.63 million shares traded hands. Greencore Group plc (LON:GNC) has declined 13.92% since April 21, 2016 and is downtrending. It has underperformed by 18.35% the S&P500.
The move comes after 9 months negative chart setup for the GBX 1.29B company. It was reported on Nov, 18 by Barchart.com. We have GBX 289.91 PT which if reached, will make LON:GNC worth GBX 77.40M less.

Greencore Group plc (LON:GNC) Ratings Coverage

Out of 9 analysts covering Greencore Group PLC (LON:GNC), 7 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 78% are positive. Greencore Group PLC has been the topic of 60 analyst reports since July 23, 2015 according to StockzIntelligence Inc. The firm has “Buy” rating by Berenberg given on Wednesday, June 1. The rating was maintained by Goodbody with “Buy” on Tuesday, July 26. The rating was maintained by Goodbody on Wednesday, September 30 with “Buy”. The rating was maintained by Goodbody on Thursday, September 10 with “Buy”. The firm has “Add” rating by Peel Hunt given on Wednesday, September 28. On Tuesday, November 24 the stock rating was maintained by Shore Capital with “Hold”. The firm earned “Buy” rating on Tuesday, January 26 by Goodbody. The firm has “Add” rating by Peel Hunt given on Tuesday, January 26. The rating was maintained by Jefferies on Friday, July 29 with “Buy”. The rating was maintained by Numis Securities on Wednesday, January 27 with “Hold”.

Greencore Group plc is engaged in international convenience food business. The company has a market cap of 1.29 billion GBP. The Company’s divisions are Convenience Foods, and Ingredients and Property. It has a 26.99 P/E ratio. The Company’s Convenience Foods segment is engaged in production and sale of convenience foods.

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