Greencore Group (LON:GNC) Stock Price Passes Below Two Hundred Day Moving Average – Here’s What Happened

Greencore Group plc (LON:GNC) shares crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 191.08 ($2.39) and traded as low as GBX 184.20 ($2.30). Greencore Group shares last traded at GBX 184.40 ($2.30), with a volume of 1,076,746 shares traded.

Analysts Set New Price Targets

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

Greencore Group Stock Performance

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 company has a market capitalization of £830.08 million, a PE ratio of 1,850.00, a PEG ratio of 0.10 and a beta of 1.19. The company has a 50 day moving average price of GBX 196.02 and a 200 day moving average price of GBX 191.07.

Greencore Group Cuts Dividend

The company also recently declared a dividend, which will be paid on Thursday, February 6th. Stockholders of record on Thursday, January 9th will be issued 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 (DPR) is 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.