Is it irrelevant, or will the Upgrade make the Greencore share price more attractive?

• Shore Capital upgrades to Buy.
• Consensus: 7 Buys, 3 Holds, 0 Sell; Avg target: 225p (Source: Bloomberg).
• Current share price 198p (at time of writing).
• Will the shares turn back, or will the upgrade push them towards 225p Oct highs?
• Shares -5.3% from 2019 highs; +11.6% from 2019 lows; +11.4% year-to date.
• Source: Bloomberg, FT, Reuters, DJ Newswires, AlphaTerminal

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Trading Greencore – An Example

Let’s say you think that Greencore shares have upside potential as result of this broker upgrade. You decide to buy exposure to £10,000 worth of Greencore using a CFD, at the current price of 198p. To do this, you need £2,000.

For the purpose of this example, let’s assume the Greencore share price rises to 225p October highs (+13.6%). Your profit would be £1360 from your initial investment of £2,000.

Conversely, let’s assume you open the above position, and place a stop-loss at 6% from the current price. Greencore shares fall 6% and hit your stop-loss. Your loss would be £600.

This is provided for information purposes only. It should not be taken as a recommendation.