Greggs plc’s (GRG) “Buy” Rating Reaffirmed at Canaccord Genuity
A number of other research analysts also recently commented on GRG. Investec reaffirmed a buy rating and set a GBX 1,250 ($16.32) price objective on shares of Greggs plc in a research report on Tuesday, August 2nd. Peel Hunt reaffirmed 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. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Greggs plc currently has a consensus rating of Buy and a consensus target price of GBX 1,216.25 ($15.88).
Greggs plc (LON:GRG) traded down 0.95% during midday trading on Tuesday, reaching GBX 1041.00. 104,363 shares of the company traded hands. Greggs plc has a 12 month low of GBX 869.00 and a 12 month high of GBX 1,335.00. The firm has a 50 day moving average of GBX 1,040.50 and a 200-day moving average of GBX 1,051.23. The stock’s market capitalization is GBX 1.05 billion.
The business also recently disclosed a dividend, which will be paid on Friday, October 7th. Shareholders of record on Thursday, September 8th will be issued a dividend of GBX 9.50 ($0.12) per share. This represents a yield of 0.91%. The ex-dividend date of this dividend is Thursday, September 8th.
In other Greggs plc news, insider Hutton,Richard sold 41,170 shares of the stock in a transaction dated Friday, August 12th. The shares were sold at an average price of GBX 1,050 ($13.71), for a total transaction of £432,285 ($564,267.07).
Greggs plc Company Profile
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.
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