Claim 50% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
The latest update is out from Greencore ( (GB:GNC) ).
Greencore Group plc has confirmed the admission to trading in London of 360,231,087 new ordinary shares, taking its total issued share capital to 803,283,097 shares, in connection with its recommended acquisition of Bakkavor Group plc. The enlarged share base formalises the equity component of the reverse takeover structure, marking a significant step in consolidating Greencore’s position in the UK and Irish convenience and prepared foods market and signalling a substantial increase in scale that will be closely watched by shareholders and industry rivals for its impact on market share, funding structure and future strategic direction.
The most recent analyst rating on (GB:GNC) stock is a Buy with a £330.00 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 is driven by its strong earnings call performance, indicating robust profitability and strategic growth initiatives. Financial performance is solid, with stable revenue growth and profitability margins. Technical analysis shows moderate bullish momentum, while valuation suggests the stock is fairly priced. The absence of significant corporate events further supports a stable outlook.
To see Spark’s full report on GB:GNC stock, click here.
More about Greencore
Greencore Group plc is a UK-listed food manufacturer best known for its convenience and prepared food products, supplying major retailers and foodservice customers primarily in the UK and Ireland. The company operates in the chilled food and ready-to-eat segment, focusing on high-volume, own-label contracts that position it as a key player in the convenience food supply chain.
Average Trading Volume: 1,943,864
Technical Sentiment Signal: Buy
Current Market Cap: £1.19B
For an in-depth examination of GNC stock, go to TipRanks’ Overview page.