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Greencore ( (GB:GNC) ) has shared an announcement.
Greencore Group PLC announced that the Competition and Markets Authority (CMA) has approved in principle a remedy allowing Greencore to proceed with its acquisition of Bakkavor Group PLC, aiming for completion in early 2026. The remedy involves selling Greencore’s Bristol chilled soups and sauces site, which represents about 1% of the combined group’s revenue. This acquisition is expected to create a leading convenience food business, enhancing opportunities for employees, improving service and innovation for customers, and generating value for shareholders.
The most recent analyst rating on (GB:GNC) stock is a Hold with a £255.00 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 Neutral.
Greencore’s overall stock score reflects a solid financial performance with efficient operations and strong cash flow management. However, technical indicators suggest a neutral market sentiment, and the valuation metrics indicate potential overvaluation. The absence of recent earnings call data and corporate events limits further insights.
To see Spark’s full report on GB:GNC stock, click here.
More about Greencore
Greencore Group PLC operates in the convenience food industry, primarily focusing on producing chilled, frozen, and ambient foods. The company is known for its ready-to-eat meals, sandwiches, and salads, catering to a broad market that includes retailers and foodservice providers.
Average Trading Volume: 1,381,392
Technical Sentiment Signal: Buy
Current Market Cap: £1.03B
Find detailed analytics on GNC stock on TipRanks’ Stock Analysis page.