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The latest update is out from Greencore ( (GB:GNC) ).
Greencore Group PLC has announced a change in its shareholder structure, with UBS Group AG acquiring a significant portion of voting rights. This acquisition, which includes both direct and indirect voting rights, results in UBS holding a total of 5.219514% of voting rights in Greencore. The move reflects a strategic investment by UBS, potentially impacting Greencore’s future operations and market positioning.
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 positive corporate events are the key drivers of its stock score. The bullish technical indicators further enhance the outlook, although the valuation suggests limited upside potential.
To see Spark’s full report on GB:GNC stock, click here.
More about Greencore
Greencore Group PLC is a company operating in the food industry, primarily focusing on producing convenience foods. The company is known for its ready-to-eat meals and other food products, catering to a wide market that demands quick and easy meal solutions.
Average Trading Volume: 1,772,231
Technical Sentiment Signal: Buy
Current Market Cap: £985.3M
Find detailed analytics on GNC stock on TipRanks’ Stock Analysis page.