Berenberg Starts Coverage on Greencore with Buy Call, Highlights Bakkavor Deal
Berenberg has initiated coverage of Greencore Plc with a Buy rating and set a price target of GBP3.51. The research house points to structural growth drivers and the transformational acquisition of Bakkavor as key catalysts, forecasting a 14% three-year EPS compound annual growth rate and projecting a fiscal 2027 P/E of 11x alongside a 7.3% free ca…