Download full report with analyst certification and important disclosures
Feb 11 2025, 07:00 GMT
Greencore Group
Next phase of evolution
- Sectors : Foods
- Companies : Greencore Group
DAVY VIEW
At its recent Capital Markets Day (CMD), Greencore outlined a comprehensive roadmap to achieving its medium-term growth, margin and return targets. Extending our model into the medium term, we now forecast c.57% growth in absolute adjusted operating profit from FY24 to FY29. We believe management provided a credible blueprint to medium-term delivery, with its current valuation scarcely reflecting the potential upside. We are increasing our share price target to 265p, implying c.30% upside.
