Greencore shares jump 7% as Peel Hunt backs further profit upgrades

What Brokers Say Retail & Consumer Written by: Ephrem Joseph 03:34 Tue 13 Oct 2026 --> Disclaimer No investment advice About this content Editorial Standards & Policies Share article About this content × About Ephrem Joseph Ephrem began his journalistic journey at Proactive in June 2021. With a strong academic background in Information Technology, his expertise particularly lies in the field of Cyber Security, Management Information Systems and Computer Forensics. Before joining Proactive, Ephrem worked as a researcher and lecturer at a number of leading universities, including the University of Portsmouth's Institute of Criminal Justice Studies, the University of Winchester’s Institute of Policing, and Jain... Read more About the publisher Proactive financial news and online broadcast teams provide fast, accessible, informative and actionable business and finance news content to a global investment audience. All our content is produced independently by our experienced and qualified teams of news journalists. Proactive news team spans the world’s key finance and investing hubs with bureaus and studios in London, New York, Toronto, Vancouver, Sydney and Perth. We are experts in medium and small-cap markets, we also keep our community up to date with blue-chip companies, commodities and broader investment stories. This is content that excites and engages motivated private investors. The team delivers news and unique insights across the market including but not confined to: biotech and pharma, mining and natural resources, battery metals, oil and gas, crypto and emerging digital and EV technologies. Use of technology Proactive has always been a forward looking and enthusiastic technology adopter. Our human content creators are equipped with many decades of valuable expertise and experience. The team also has access to and use technologies to assist and enhance workflows. Proactive will on occasion use automation and software tools, including generative AI. Nevertheless, all content published by Proactive is edited and authored by humans, in line with best practice in regard to content production and search engine optimisation. Greencore Group PLC ( LSE:GNC ) View Price & Profile Greencore shares jump 7% as Peel Hunt backs further profit upgrades Published: 03:34 13 Oct 2026 EDT Greencore Group PLC (LSE:GNC) shares rose more than 7% to an intraday high of 281.4p after Peel Hunt highlighted strong fourth-quarter volumes and further profit upgrades at the convenience food maker. The broker maintained its 'buy' recommendation and 300p price target after Greencore reported fourth-quarter sales growth of 4.5%, supported by higher volumes and recovery of labour, packaging and some raw material inflation. Manufactured volume growth accelerated to 2.1% during the quarter, compared with market growth of 0.5%, with salads, dips, quiche and sandwiches among the stronger chilled categories. Full-year sales increased 3.6% to £3.4 billion. Peel Hunt said profit momentum was also ahead of expectations as volume growth combined with continued improvement in margins. Greencore now expects earnings before interest and tax of around £248 million, approximately 4% above market consensus. The broker also pointed to encouraging progress on acquisition synergies, including savings from central reorganisation, procurement and distribution. Peel Hunt said it expects Greencore to continue outperforming its synergy targets, which should help offset emerging headwinds and provide further support for earnings. The broker values the shares at 10.4 times forecast September 2027 earnings, with an enterprise value to earnings before interest, tax, depreciation and amortisation multiple of 6.1 times and a free cash flow yield of 8%. Greencore shares later eased to around 267p, still 1.8% above Monday’s closing price of 262.2p. Continue reading