Greencore Group plc -14.0% potential downside indicated by Numis

Greencore Group plc with ticker (LON:GNC) now has a potential downside of -14.0% according to Numis.



Numis set a target price of 70 GBX for the company, which when compared to the Greencore Group plc share price of 80 GBX at opening today (31/01/2023) indicates a potential downside of -14.0%. Trading has ranged between 60 (52 week low) and 141 (52 week high) with an average of 2,403,774 shares exchanging hands daily. The market capitalisation at the time of writing is £402,727,682.

Greencore Group plc is an Ireland-based manufacturer of convenience foods. The Company’s segments include Convenience Foods UK and Ireland. The Company supplies a range of chilled, frozen, and ambient foods to retail and food service customers in the United Kingdom. Its Food to go categories include sandwiches, salads, sushi, and chilled snacking, while the other convenience categories include chilled ready meals, chilled soups and sauces, chilled quiche, ambient sauces and pickles, and frozen Yorkshire Puddings as well as the Irish ingredients trading business. The Company supplies various supermarkets in the United Kingdom. It also supplies convenience and travel retail outlets, discounters, coffee shops, foodservice, and other retailers. The Company has about 21 manufacturing units across 16 locations in the United Kingdom, with technology and supply chain capabilities.