Greencore Group

Northampton site visit

  • Sectors : Foods
  • Companies : Greencore Group

Ratings and price correct at time of issue.

  • Greencore Group

    Closing Price: 177p

  • RATING 04/04/24

  • PREVIOUS RATING 13/03/18

    NEUTRAL

DAVY VIEW

Greencore’s strong operational expertise and well-invested asset base were clearly demonstrated during our recent visit to its Northampton facility. A sharp focus on efficiency and health and safety is flattered by an advanced operational framework, unlocking potential for further automation and capacity expansion. We remain confident in the progress of its multi-horizon strategy and continue to believe that Greencore will achieve pre-COVID profitability (£106m) ahead of schedule. We reiterate our ‘Outperform’ rating and 190p price target.

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Sep 12 2024, 08:06 IST/BST

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