Market's view on Greencore
Published on April 2024
- Stock watchers predict a significant rise in share price, suggesting it could reach 250p by next month alongside positive results and dividends announcements.
- There is optimism that inclusion in the FTSE 250 could lead to a surge in share price, potentially reaching 340-400p per share.
- Some stock watchers feel the share price is currently a bargain at 90p.
- Greencore’s production of award-winning Sainsbury’s ketchup has been positively highlighted.
- There is speculation about an imminent upward trend after a minor pullback.
- Expectations are set for the share price to potentially exceed 220p after next month’s results and the reinstatement of dividends following two years of share buybacks.
- The sentiment to accumulate shares is strong, with strategies like buying more shares today and buying on dips being actively discussed.
- Berenberg has issued an upgrade for GNC, recommending it as a BUY.