Greggs plc (GRG) PT Lowered to GBX 1,225 at Investec
Greggs plc (LON:GRG) had its price objective decreased by stock analysts at Investec from GBX 1,250 ($16.32) to GBX 1,225 ($15.99) in a research note issued to investors on Tuesday. The brokerage presently has a “buy” rating on the stock. Investec’s price target would indicate a potential upside of 17.11% from the company’s current price.
Several other research analysts also recently issued reports on GRG. Peel Hunt restated a “buy” rating and set a GBX 1,320 ($17.23) price objective on shares of Greggs plc in a research report on Tuesday, August 2nd. Canaccord Genuity cut their price objective on Greggs plc from GBX 1,325 ($17.30) to GBX 1,300 ($16.97) and set a “buy” rating for the company in a research report on Tuesday, August 2nd. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of GBX 1,216.25 ($15.88).
Greggs plc (LON:GRG) traded up 1.63% on Tuesday, reaching GBX 1063.00. The company’s stock had a trading volume of 648,885 shares. The stock’s market capitalization is GBX 1.07 billion. The firm has a 50 day moving average price of GBX 1,040.25 and a 200 day moving average price of GBX 1,051.51. Greggs plc has a 52 week low of GBX 869.00 and a 52 week high of GBX 1,335.00.
The business also recently disclosed a dividend, which will be paid on Friday, October 7th. Investors of record on Thursday, September 8th will be given a dividend of GBX 9.50 ($0.12) per share. The ex-dividend date is Thursday, September 8th. This represents a dividend yield of 0.91%.
In related news, insider Hutton,Richard sold 41,170 shares of Greggs plc stock in a transaction that occurred on Friday, August 12th. The stock was sold at an average price of GBX 1,050 ($13.71), for a total transaction of £432,285 ($564,267.07).
About Greggs plc
Greggs plc is a United Kingdom-based bakery food on-the-go retailer. The Company’s products and services consist of a range of fresh bakery goods, sandwiches and drinks in its shop. The Company also provides frozen bakery products to its wholesale customers. The Company owns approximately 1,698 shops, 12 regional bakeries, one distribution center and one manufacturing center.
Receive News & Stock Ratings for Greggs plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Greggs plc and related stocks with our FREE daily email newsletter.