You are here

Prices & Quotes - UK Markets - Greencore Group (CDI) (GNC)

Risk Warning The value of investments can fall as well as rise and any income from them is not guaranteed and you may get back less than you invested. Past performance is not a guide to future performance.

Share Price:
Up 159.50p
Change Today:
0.60p
Market Cap:
839.83m
Sector:
Food Producers

Sunday share tips: Greencore, Tritax EuroBox

By Alexander Bueso

Date: Sunday 28 Feb 2021

LONDON (ShareCast) - (Sharecast News) - It's always darkest just before the dawn, The Sunday Times's Sabah Meddings said of Greencore in her 'Inside the City' column.


The food producer's shares have started to recover after hitting bottom in October, towards the end of the first wave of Covid-19.

In what is anticipated will be a boon for the stock, schools are due to reopen on 8 March, although indoor eating at cafes or restaurants will not be possible until 17 May.

Its products are already stocked at grocers and the company has been increasing its trade with cafes.

Furthermore, unlike rival Gregg's, Greencore's valuation has yet to return to its pre-pandemic level, leaving its shares 'undervalued', according to analysts at ShoreCap, who believe the company is in the "darkest stage before a quick brightening of the commercial sky".

The firm has indeed seen dark times, with pre-tax profits down from 92.3m to 17.3m over the year ending on 25 September.

It was also forced to raise 90m via a share placing in November.

"The Dublin-based company tends to be tightly run and could be well placed to benefit from a summer recovery," Meddings said.

"Two years ago, this column warned investors to leave it on the shelf. Today, it is time to bite back in. Analysts agree: HSBC has a 170p target on the stock.

"This time, it's a buy."



The Financial Mail on Sunday's Midas column tipped shares of Tritax EuroBox to its readers, pointing out the company's good growth prospects.

Like Tritax BigBox, its bigger cousin, the firm runs distribution centres, but on the Continent and not the UK, including for retail giants such as Inditex in Barcelona, for Amazon in Rome and for Abbott Laboratories in the Netherlands.

While ecommerce is less developed on the Continent it's growing fast on the heels of the pandemic, Midas pointed out.

For the year to September, EuroBox said that profits had more than doubled, its portfolio had increased in value and rents were up by nearly 17%.

That led the firm to hike its dividend by nearly 14%, which was followed by the announcement of a 174m equity raise with applications for the latter open until 5 March.

Those monies will be funneled into the group's expansion plans in Germany and Italy and should lower the company's borrowing costs while creating more opportunities for expansion.

To take note of, said the tipster, EuroBox has the ability to acquire properties for its distribution centres more cheaply than rivals.

"Tritax EuroBox is a respected player in a fast-growing market.

"The share offer, at 1.03, looks attractive, particularly as the company is committed to long-term dividend growth."

Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

GNC Market Data

Currency UK Pounds
Price 159.50p
Change Today 0.60p
52 Week High 188.90p
52 Week Low 89.20p
Volume 768,498
Shares Issued 526.54m
Market Cap 839.83m
Beta 0.04

Performance Indicators

Compare performance with the sector and the market.

Key
Vs Market
Vs Sector
Value
market
  1. empty market
  2. empty market
  3. empty market
  4. empty market
  5. empty market
sector
  1. half sector star
  2. empty sector
  3. empty sector
  4. empty sector
  5. empty sector
Price Trend
market
  1. full market star
  2. half market star
  3. empty market
  4. empty market
  5. empty market
sector
  1. full sector star
  2. half sector star
  3. empty sector
  4. empty sector
  5. empty sector
Income
market
  1. full market star
  2. empty market
  3. empty market
  4. empty market
  5. empty market
sector
  1. full sector star
  2. empty sector
  3. empty sector
  4. empty sector
  5. empty sector
Growth
market
  1. full market star
  2. full market star
  3. empty market
  4. empty market
  5. empty market
sector
  1. full sector star
  2. full sector star
  3. half sector star
  4. empty sector
  5. empty sector
Price Chg 6m
market
  1. full market star
  2. full market star
  3. full market star
  4. half market star
  5. empty market
sector
  1. full sector star
  2. full sector star
  3. full sector star
  4. full sector star
  5. half sector star
P/E
Not Available
PEG
market
  1. full market star
  2. full market star
  3. empty market
  4. empty market
  5. empty market
sector
  1. full sector star
  2. half sector star
  3. empty sector
  4. empty sector
  5. empty sector
Dividend Yield
Not Available
EPS Growth
Not Available
Operating Margin
market
  1. full market star
  2. half market star
  3. empty market
  4. empty market
  5. empty market
sector
  1. full sector star
  2. empty sector
  3. empty sector
  4. empty sector
  5. empty sector

What The Brokers Say

Strong Buy 6
Buy 0
Neutral 2
Sell 0
Strong Sell 0
Total 8
strong_buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

GNC Dividends

  Latest Previous
  Final Interim
Ex-Div 02-Jan-20 30-May-19
Paid 28-Feb-20 03-Jul-19
Amount 3.75p 2.45p

Trades for 16-Apr-2021

Time Volume / Share Price
16:35 397,482 @ 159.50p
16:29 783 @ 158.90p
16:29 1,000 @ 158.80p
16:29 2,188 @ 158.70p
16:29 900 @ 158.70p

GNC Key Personnel

CEO Patrick F Coveney
Chair Patrick Gary Kennedy
CFO Emma Hynes