Highlights

  • Greencore shares have surged over 52% in the past year
  • Goodbody maintains a Buy rating with a target price of GBX 320
  • Berenberg maintains a Buy rating with a target price of GBX 351
  • Dividend increase and lower net debt supported Greencore’s FY25 financial profile
  • The proposed Bakkavor acquisition remains on track, pending regulatory clearance in 2026

Greencore Group plc (LSE:GNC) share price have jumped 52.28% to GBX 280.50 over the past one year as on 28 January 2026. The rally follows broker support, with Goodbody stockbrokers maintaining a Buy rating and a target price of GBX 320, while Berenberg also recommends Buy with a target price of GBX 351. Additionally, this upward trend coincides with the company’s proposed acquisition of Bakkavor Group plc. and favourable FY25 financials.

FY25 Financial Growth and Bakkavor Deal Shape Greencore’s Outlook

In FY25, the company reported group revenue of GBP 1,947M, up 7.7% year-over-year, alongside a 17.9% increase in adjusted EBITDA to GBP 181.2M. Basic earnings per share rose 30.7% to GBX 13.2, while the board proposed a dividend of GBX 2.6 per share, up from GBX 2.0 in the prior year. Additionally, the company’s free cash flow reached GBP 120.5M during the year, with net debt (excluding leases) reduced to GBP 70.1M from GBP 148.1M, reflecting improved cash conversion and balance sheet positioning.

Greencore’s proposed acquisition of Bakkavor Group plc remains on track for completion in early 2026, subject to regulatory clearance. The transaction includes a mix of shares and cash for Bakkavor shareholders and values the business at around GBX 200 per share.

What Investors Are Watching

Overall, Greencore’s share price performance over the past year reflects a mix of improved FY25 financial metrics, ongoing acquisition activity, and continued positive broker assessments. The combination of revenue and earnings growth, favourable cash flow, progress on the Bakkavor transaction, and Buy ratings from multiple brokers has kept the stock in focus as it enters 2026.