Latest news for Greencore Group (OTC:GNCGY) Stock

Greencore Group

Greencore Group PLC is a convenience food manufacturer that supplies chilled and frozen food to customers based in U.K. and the U.S. The company's operating business segment is Convenience Foods UK & Ireland. The UK Convenience Food categories including sandwiches, sushi, salads, chilled ready meals, chilled soups and sauces, chilled quiche, ambient sauces and pickles, frozen Yorkshire Puddings and cakes and desserts categories as well as the Irish Ingredients trading business.

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GNCGY

For those looking to find strong Consumer Staples stocks, it is prudent to search for companies in the group that are outperforming their peers.

Is Greencore Group Stock Outpacing Its Consumer Staples Peers This Year?

Greencore Posts Rise In Profit

GREENCORE GROUP PLC S/ADR by Greencore Group plc.

Greencore Group PLC

Polaris International Equity Composite Q1 2024 Commentary

Greencore Group plc (GNCGF) Q2 2024 Earnings Call Transcript

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For those looking to find strong Consumer Staples stocks, it is prudent to search for companies in the group that are outperforming their peers. Greencore Group (OTC:<a class="ticker" href="https://www.benzinga.com/stock/GNCGY#OTC">GNCGY</a>) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? A quick glance at the company&#39;s year-to-date performance in comparison to the rest of the Consumer Staples sector should help us answer this question.

Greencore Group is one of 185 companies in the Consumer Staples group. The Consumer Staples group currently sits at #15 within the Zacks Sector Rank. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group.

The Zacks Rank is a successful stock-picking model that emphasizes earnings estimates and estimate revisions. The system highlights a number of different stocks that could be poised to outperform the broader market over the next one to three months. Greencore Group is currently sporting a Zacks Rank of #2 (Buy).

The Zacks Consensus Estimate for GNCGY&#39;s full-year earnings has moved 12.5% higher within the past quarter. This is a sign of improving analyst sentiment and a positive earnings outlook trend.

Our latest available data shows that GNCGY has returned about 83.5% since the start of the calendar year. In comparison, Consumer Staples companies have returned an average of 3.8%. This shows that Greencore Group is outperforming its peers so far this year.

One other Consumer Staples stock that has outperformed the sector so far this year is International Flavors (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IFF#NYSE">IFF</a>). The stock is up 19.5% year-to-date.

The consensus estimate for International Flavors&#39; current year EPS has increased 4.9% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).

Looking more specifically, Greencore Group belongs to the Food - Miscellaneous industry, which includes 45 individual stocks and currently sits at #169 in the Zacks Industry Rank. This group has lost an average of 1.4% so far this year, so GNCGY is performing better in this area.

International Flavors, however, belongs to the Consumer Products - Staples industry. Currently, this 28-stock industry is ranked #96. The industry has moved +0.8% so far this year.

Investors with an interest in Consumer Staples stocks should continue to track Greencore Group and International Flavors. These stocks will be looking to continue their solid performance.

<a href="https://www.zacks.com/stock/news/2304362/is-greencore-group-gncgy-stock-outpacing-its-consumer-staples-peers-this-year?cid=CS-BENZ-FT-tale_of_the_tape&#x7C;yseop_template_1-2304362">To read this article on Zacks.com click here.</a>

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<h2>Upgrades</h2>

<ul>
	<li>For Emergent BioSolutions Inc (NYSE:<a class="ticker" href="/stock/EBS#NYSE">EBS</a>), Chardan Capital upgraded the previous rating of Neutral to Buy. Emergent BioSolutions earned $3.67 in the fourth quarter, compared to $1.57 in the year-ago quarter. At the moment, the stock has a 52-week-high of $137.61 and a 52-week-low of $46.37. Emergent BioSolutions closed at $93.65 at the end of the last trading period.</li>
	<li>According to Raymond James, the prior rating for Xencor Inc (NASDAQ:<a class="ticker" href="/stock/XNCR#NASDAQ">XNCR</a>) was changed from Market Perform to Outperform. In the fourth quarter, Xencor showed an EPS of $0.24, compared to $0.47 from the year-ago quarter. At the moment, the stock has a 52-week-high of $55.33 and a 52-week-low of $19.35. Xencor closed at $48.35 at the end of the last trading period.</li>
	<li>For Bank of Montreal (NYSE:<a class="ticker" href="/stock/BMO#NYSE">BMO</a>), Credit Suisse upgraded the previous rating of Neutral to Outperform. Bank of Montreal earned $2.35 in the first quarter, compared to $1.86 in the year-ago quarter. The current stock performance of Bank of Montreal shows a 52-week-high of $83.79 and a 52-week-low of $38.31. Moreover, at the end of the last trading period, the closing price was at $83.44.</li>
	<li>Deutsche Bank upgraded the previous rating for McAfee Corp (NASDAQ:<a class="ticker" href="/stock/MCFE#NASDAQ">MCFE</a>) from Hold to Buy. McAfee earned $0.38 in the fourth quarter. At the moment, the stock has a 52-week-high of $22.14 and a 52-week-low of $14.80. McAfee closed at $19.45 at the end of the last trading period.</li>
	<li>According to HSBC, the prior rating for Greencore Group PLC (OTC:<a class="ticker" href="/stock/GNCGY#OTC">GNCGY</a>) was changed from Hold to Buy. The stock has a 52-week-high of $8.35 and a 52-week-low of $4.71. At the end of the last trading period, Greencore Group closed at $7.59.</li>
	<li>For Tomra Systems ASA (OTC:<a class="ticker" href="/stock/TMRAY#OTC">TMRAY</a>), Kepler Cheuvreux upgraded the previous rating of Hold to Buy. The stock has a 52-week-high of $49.05 and a 52-week-low of $20.84. At the end of the last trading period, Tomra Systems closed at $44.27.</li>
	<li>According to Barclays, the prior rating for BNP Paribas (OTC:<a class="ticker" href="/stock/BNPQY#OTC">BNPQY</a>) was changed from Underweight to Equal-Weight. At the moment, the stock has a 52-week-high of $27.85 and a 52-week-low of $13.18. BNP Paribas closed at $30.15 at the end of the last trading period.</li>
	<li>JP Morgan upgraded the previous rating for Credit Agricole SA (OTC:<a class="ticker" href="/stock/CRARY#OTC">CRARY</a>) from Neutral to Overweight. The stock has a 52-week-high of $6.64 and a 52-week-low of $3.15. At the end of the last trading period, Credit Agricole closed at $6.85.</li>
	<li>According to JP Morgan, the prior rating for Enagas SA (OTC:<a class="ticker" href="/stock/ENGGY#OTC">ENGGY</a>) was changed from Underweight to Neutral. The current stock performance of Enagas shows a 52-week-high of $13.20 and a 52-week-low of $9.41. Moreover, at the end of the last trading period, the closing price was at $10.60.</li>
	<li>According to KeyBanc, the prior rating for BigCommerce Holdings Inc (NASDAQ:<a class="ticker" href="/stock/BIGC#NASDAQ">BIGC</a>) was changed from Sector Weight to Overweight. In the fourth quarter, BigCommerce Holdings earned $0.12. The stock has a 52-week-high of $162.50 and a 52-week-low of $53.19. At the end of the last trading period, BigCommerce Holdings closed at $63.33.</li>
</ul>

<a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">See all analyst ratings upgrades.</a>

&nbsp;

<h2>Downgrades</h2>

<ul>
	<li>For Cooper Tire &amp; Rubber Co (NYSE:<a class="ticker" href="/stock/CTB#NYSE">CTB</a>), Standpoint Research downgraded the previous rating of Buy to Sell. For the fourth quarter, Cooper Tire &amp; Rubber had an EPS of $0.75, compared to year-ago quarter EPS of $1.02. At the moment, the stock has a 52-week-high of $58.19 and a 52-week-low of $13.82. Cooper Tire &amp; Rubber closed at $57.92 at the end of the last trading period.</li>
	<li>According to Berenberg, the prior rating for Kosmos Energy Ltd (NYSE:<a class="ticker" href="/stock/KOS#NYSE">KOS</a>) was changed from Buy to Hold. In the fourth quarter, Kosmos Energy showed an EPS of $0.12, compared to $0.09 from the year-ago quarter. The stock has a 52-week-high of $5.23 and a 52-week-low of $0.50. At the end of the last trading period, Kosmos Energy closed at $2.99.</li>
	<li>According to Piper Sandler, the prior rating for Webster Financial Corp (NYSE:<a class="ticker" href="/stock/WBS#NYSE">WBS</a>) was changed from Overweight to Neutral. Webster Financial earned $0.99 in the fourth quarter, compared to $0.96 in the year-ago quarter. The current stock performance of Webster Financial shows a 52-week-high of $55.41 and a 52-week-low of $18.16. Moreover, at the end of the last trading period, the closing price was at $55.24.</li>
	<li>For United Utilities Group PLC (OTC:<a class="ticker" href="/stock/UUGRY#OTC">UUGRY</a>), Morgan Stanley downgraded the previous rating of Overweight to Equal-Weight. At the moment, the stock has a 52-week-high of $26.30 and a 52-week-low of $17.28. United Utilities Group closed at $25.95 at the end of the last trading period.</li>
	<li>For Natixis SA (OTC:<a class="ticker" href="/stock/NTXFF#OTC">NTXFF</a>), Barclays downgraded the previous rating of Overweight to Equal-Weight. The current stock performance of Natixis shows a 52-week-high of $4.15 and a 52-week-low of $2.05. Moreover, at the end of the last trading period, the closing price was at $4.60.</li>
	<li>Deutsche Bank downgraded the previous rating for InterContinental Hotels Group PLC (NYSE:<a class="ticker" href="/stock/IHG#NYSE">IHG</a>) from Buy to Hold. In the second quarter, InterContinental Hotels earned $0.89. The stock has a 52-week-high of $75.20 and a 52-week-low of $25.39. At the end of the last trading period, InterContinental Hotels closed at $73.94.</li>
	<li>For Systemax Inc (NYSE:<a class="ticker" href="/stock/SYX#NYSE">SYX</a>), William Blair downgraded the previous rating of Outperform to Market Perform. In the fourth quarter, Systemax showed an EPS of $0.42, compared to $0.30 from the year-ago quarter. At the moment, the stock has a 52-week-high of $45.35 and a 52-week-low of $14.00. Systemax closed at $44.58 at the end of the last trading period.</li>
</ul>

<a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">See all analyst ratings downgrades.</a>

&nbsp;

<h2>Initiations</h2>

<ul>
	<li>Morgan Stanley initiated coverage on Synaptics Inc (NASDAQ:<a class="ticker" href="/stock/SYNA#NASDAQ">SYNA</a>) with an Overweight rating. The price target for Synaptics is set to $173.00. In the second quarter, Synaptics showed an EPS of $2.30, compared to $2.04 from the year-ago quarter. The stock has a 52-week-high of $137.28 and a 52-week-low of $44.41. At the end of the last trading period, Synaptics closed at $130.12.</li>
	<li>Small Cap Consumer Research initiated coverage on Boomer Holdings Inc (OTC:<a class="ticker" href="/stock/BOMH#OTC">BOMH</a>) with a Buy rating. The price target for Boomer Holdings is set to $1.50. The stock has a 52-week-high of $5.01 and a 52-week-low of $0.34. At the end of the last trading period, Boomer Holdings closed at $0.60.</li>
	<li>For NEL ASA (OTC:<a class="ticker" href="/stock/NLLSF#OTC">NLLSF</a>), JP Morgan initiated coverage, by setting the current rating at Neutral. The stock has a 52-week-high of $3.30 and a 52-week-low of $0.78. At the end of the last trading period, NEL closed at $3.04.</li>
	<li>JP Morgan initiated coverage on ITM Power PLC (OTC:<a class="ticker" href="/stock/ITMPF#OTC">ITMPF</a>) with an Overweight rating. The stock has a 52-week-high of $7.25 and a 52-week-low of $1.13. At the end of the last trading period, ITM Power closed at $7.15.</li>
	<li>For Gamesys Group PLC (OTC:<a class="ticker" href="/stock/JKPTF#OTC">JKPTF</a>), Jefferies initiated coverage, by setting the current rating at Buy. The current stock performance of Gamesys Group shows a 52-week-high of $17.07 and a 52-week-low of $9.47. Moreover, at the end of the last trading period, the closing price was at $18.95.</li>
	<li>With an Outperform rating, SVB Leerink initiated coverage on LENSAR Inc (NASDAQ:<a class="ticker" href="/stock/LNSR#NASDAQ">LNSR</a>). The price target seems to have been set at $20.00 for LENSAR. In the third quarter, LENSAR showed an EPS of $0.64, compared to $5.44 from the year-ago quarter. The stock has a 52-week-high of $12.71 and a 52-week-low of $3.16. At the end of the last trading period, LENSAR closed at $9.50.</li>
	<li>Jefferies initiated coverage on 888 Holdings PLC (OTC:<a class="ticker" href="/stock/EIHDF#OTC">EIHDF</a>) with a Buy rating. The current stock performance of 888 Holdings shows a 52-week-high of $4.09 and a 52-week-low of $1.04. Moreover, at the end of the last trading period, the closing price was at $4.08.</li>
	<li>With an Outperform rating, William Blair initiated coverage on Taysha Gene Therapies Inc (NASDAQ:<a class="ticker" href="/stock/TSHA#NASDAQ">TSHA</a>). The price target seems to have been set at $46.00 for Taysha Gene Therapies. Interestingly, in the third quarter, Taysha Gene Therapies&#39;s EPS was $1.28. The current stock performance of Taysha Gene Therapies shows a 52-week-high of $33.35 and a 52-week-low of $18.16. Moreover, at the end of the last trading period, the closing price was at $26.66.</li>
	<li>With an Outperform rating, William Blair initiated coverage on Generation Bio Co (NASDAQ:<a class="ticker" href="/stock/GBIO#NASDAQ">GBIO</a>). The price target seems to have been set at $45.00 for Generation Bio. In the third quarter, Generation Bio showed an EPS of $0.46, compared to $3.31 from the year-ago quarter. The current stock performance of Generation Bio shows a 52-week-high of $55.72 and a 52-week-low of $18.80. Moreover, at the end of the last trading period, the closing price was at $34.48.</li>
</ul>

<a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">See all analyst ratings initiations.</a>

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Benzinga's Top Ratings Upgrades, Downgrades For February 24, 2021

HSBC analyst Doriana Russo upgrades Greencore Group (OTC:<a class="ticker" href="/stock/GNCGY#OTC">GNCGY</a>) from Hold to Buy.

HSBC Upgrades Greencore Group to Buy

Greencore Group PLC (ADR) (OTC: <a class="ticker" href="/stock/gncgy#OTC">GNCGY</a>) reported an increase in its earnings for the 26 weeks ended March 27.

Its operating profit jumped to £40.1 million, versus £37.2 million in the year-ago period.

Greencore's pretax profit for the half year surged 14 percent to GBP26.3 million, versus GBP8 million in the year-earlier period. 

Its revenue gained 6.5 percent to GBP639.8 million.

Greencore announced its plans to pay an nterim dividend of 2.4 pence per share, a 9.1 percent gain year-over-year.

"The group delivered good financial and strategic progress in the first half of the year," Chief Executive Officer Patrick Coveney said.

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