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Greencore ( (GB:GNC) ) just unveiled an update.
Greencore Group PLC announced that all resolutions at its Extraordinary General Meeting were passed, approving the acquisition of Bakkavor Group PLC. This transaction, to be executed through a court-sanctioned scheme of arrangement, is still subject to Bakkavor’s shareholder approval and court sanction. The acquisition is expected to enhance Greencore’s market positioning and operational capabilities in the convenience food sector.
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 strong financial performance and strategic acquisition drive a positive outlook. The technical indicators support this view, although valuation concerns weigh slightly on the overall score.
To see Spark’s full report on GB:GNC stock, click here.
More about Greencore
Greencore Group PLC is a leading UK-based manufacturer of convenience foods, supplying major supermarkets, convenience and travel retail outlets, discounters, coffee shops, foodservice, and other retailers. The company has strong market positions in categories such as sandwiches, salads, sushi, chilled snacking, ready meals, soups, sauces, quiche, and frozen Yorkshire puddings. Greencore operates 16 manufacturing sites and 17 distribution centers in the UK, employing approximately 13,300 people and generating revenues of £1.8 billion in FY24. The company is headquartered in Dublin, Ireland.
Average Trading Volume: 2,060,478
Technical Sentiment Signal: Buy
Current Market Cap: £991.8M
Learn more about GNC stock on TipRanks’ Stock Analysis page.