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Greencore ( (GB:GNC) ) has shared an announcement.
Greencore Group PLC has signed a binding agreement to sell its Bristol site, which manufactures chilled soups and sauces, to Compleat Food Group. This sale is a strategic move to gain approval from the Competition and Markets Authority for Greencore’s acquisition of Bakkavor Group PLC, expected to complete in early 2026. The Bristol site accounts for approximately 1% of the combined revenues of Greencore and Bakkavor, and its sale is crucial for avoiding a Phase 2 investigation by the CMA, thereby facilitating the acquisition process.
The most recent analyst rating on (GB:GNC) stock is a Hold with a £255.00 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 Neutral.
Greencore’s overall stock score reflects a solid financial performance with efficient operations and strong cash flow management. However, technical indicators suggest a neutral market sentiment, and the valuation metrics indicate potential overvaluation. The absence of recent earnings call data and corporate events limits further insights.
To see Spark’s full report on GB:GNC stock, click here.
More about Greencore
Greencore Group PLC operates in the food manufacturing industry, specializing in chilled prepared foods. The company focuses on producing a variety of convenience foods, including chilled soups and sauces, serving a broad market across the UK and Ireland.
Average Trading Volume: 1,415,518
Technical Sentiment Signal: Buy
Current Market Cap: £975.1M
For detailed information about GNC stock, go to TipRanks’ Stock Analysis page.