Greencore Announces Acquisition of Bakkavor to Boost Market Position

Greencore ( (GB:GNC) ) has provided an update.

Greencore Group PLC has announced a recommended acquisition of Bakkavor Group PLC, involving a cash and share offer for Bakkavor’s entire issued share capital. This strategic move is set to enhance Greencore’s market position, with the transaction subject to shareholder approval and regulatory conditions. The acquisition is expected to be completed by early 2026, potentially impacting stakeholders by expanding Greencore’s operational capabilities and market reach.

The most recent analyst rating on (GB:GNC) stock is a Hold with a £160.00 price target. To see the full list of analyst forecasts on Greencore stock, see the GB:GNC Stock Forecast page.

Spark’s Take on GB:GNC Stock

According to Spark, TipRanks’ AI Analyst, GB:GNC is a Outperform.

Greencore’s overall stock score reflects its solid financial performance, strong earnings call, and strategic corporate actions. The acquisition of Bakkavor and robust Q2 results highlight growth potential, while technical indicators suggest caution due to overbought conditions. Valuation metrics indicate moderate growth expectations.

To see Spark’s full report on GB:GNC stock, click here.

More about Greencore

Greencore Group PLC operates in the food industry, specializing in convenience foods. The company is known for producing a wide range of ready-to-eat meals, sandwiches, and salads, primarily focusing on the UK and US markets.

Average Trading Volume: 1,760,788

Technical Sentiment Signal: Buy

Current Market Cap: £985.3M

For a thorough assessment of GNC stock, go to TipRanks’ Stock Analysis page.