Greencore Group (LON:GNC) Stock Crosses Above 200-Day Moving Average – Here’s Why

Greencore Group plc (LON:GNC) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 192.69 ($2.43) and traded as high as GBX 207.99 ($2.62). Greencore Group shares last traded at GBX 204.50 ($2.57), with a volume of 4,192,019 shares changing hands.

Wall Street Analysts Forecast Growth

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

Greencore Group Stock Up 1.0 %

The business’s fifty day moving average price is GBX 194.41 and its two-hundred day moving average price is GBX 192.95. The company has a debt-to-equity ratio of 55.60, a quick ratio of 0.62 and a current ratio of 0.70. The firm has a market capitalization of £894.41 million, a P/E ratio of 18.59, a PEG ratio of 0.10 and a beta of 1.19.

Greencore Group Cuts Dividend

The company also recently declared a dividend, which was paid on Thursday, February 6th. Shareholders of record on Thursday, January 9th were issued a GBX 2 ($0.03) dividend. This represents a yield of 1.01%. The ex-dividend date was Thursday, January 9th. Greencore Group’s dividend payout ratio is currently 54.26%.

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.