Greencore Group plc -40.5% potential downside indicated by Deutsche

Greencore Group plc with ticker (LON:GNC) now has a potential downside of -40.5% according to Deutsche.

GNC.L

Deutsche set a target price of 130 GBX for the company, which when compared to the Greencore Group plc share price of 219 GBX at opening today (21/10/2024) indicates a potential downside of -40.5%. Trading has ranged between 85 (52 week low) and 221 (52 week high) with an average of 1,382,213 shares exchanging hands daily. The market capitalisation at the time of writing is £972,695,679.

Greencore Group plc is an Ireland-based manufacturer of convenience foods company. The Company supplies a wide range of chilled, frozen, and ambient foods to retail and food service customers in the UK (The United Kingdom). The Company operates in a single segment, Convenience Foods UK and Ireland. The Convenience Foods UK and Ireland segment includes a range of categories of sandwiches, salads, sushi, chilled snacking, chilled ready meals, chilled soups and sauces, chilled quiche, ambient sauces and pickles, and frozen Yorkshire Puddings. The Company supplies supermarkets in the UK, convenience and travel retail outlets, discounters, coffee shops, food service and other retailers. It manufactures approximately 779 million sandwiches and other Food to Go products, 132 million chilled ready meals, 45 million chilled soups and sauces and 245 million jars of cooking sauces, pickles, and condiments. It has more than 16 manufacturing sites and 17 distribution centers in the UK.