Greencore Group (LON:GNC) Share Price Crosses Below 200-Day Moving Average – Here’s What Happened

Shares of Greencore Group plc (LON:GNC) passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 190.53 ($2.32) and traded as low as GBX 171 ($2.08). Greencore Group shares last traded at GBX 176.80 ($2.15), with a volume of 1,277,764 shares trading hands.

Analysts Set New Price Targets

Separately, Shore Capital reissued a “house stock” rating on shares of Greencore Group in a research note on Wednesday, December 4th.

Greencore Group Stock Performance

The business has a fifty day moving average of GBX 197.58 and a 200 day moving average of GBX 190.66. The company has a market cap of £826.49 million, a P/E ratio of 1,842.00, a P/E/G ratio of 0.10 and a beta of 1.19. The company has a quick ratio of 0.62, a current ratio of 0.79 and a debt-to-equity ratio of 78.73.

Greencore Group Cuts Dividend

The business also recently announced a dividend, which will be paid on Thursday, February 6th. Stockholders of record on Thursday, January 9th will be given a GBX 2 ($0.02) dividend. The ex-dividend date is Thursday, January 9th. This represents a dividend yield of 1.01%. Greencore Group’s dividend payout ratio is 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.