Greencore Group (LON:GNC) Stock Price Up 14.5% – Time to Buy?

Greencore Group plc (LON:GNC) shares rose 14.5% during trading on Thursday . The company traded as high as GBX 209.50 ($2.62) and last traded at GBX 209.50 ($2.62). Approximately 12,261,158 shares were traded during trading, an increase of 180% from the average daily volume of 4,381,122 shares. The stock had previously closed at GBX 183 ($2.29).

Analyst Upgrades and Downgrades

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

Greencore Group Trading Up 13.7 %

The company has a market capitalization of £933.28 million, a PE ratio of 2,080.00, a P/E/G ratio of 0.10 and a beta of 1.19. The company has a debt-to-equity ratio of 78.73, a quick ratio of 0.62 and a current ratio of 0.79. The business has a fifty day moving average price of GBX 194.61 and a 200 day moving average price of GBX 191.70.

Greencore Group Cuts Dividend

The business also recently announced a dividend, which will be paid on Thursday, February 6th. Investors of record on Thursday, January 9th will be issued a dividend of GBX 2 ($0.03) per share. The ex-dividend date of this dividend is Thursday, January 9th. This represents a dividend yield of 1.01%. Greencore Group’s payout ratio is currently 6,000.00%.

About Greencore Group

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.