Greggs plc (GRG) Receives Consensus Rating of “Buy” from Brokerages
Shares of Greggs plc (LON:GRG) have received an average recommendation of “Buy” from the five research firms that are currently covering the firm. Two analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is GBX 1,216.25 ($15.05).
Several research firms have commented on GRG. Canaccord Genuity reaffirmed a “buy” rating and set a GBX 1,325 ($16.40) price objective on shares of Greggs plc in a research note on Thursday, June 30th. Peel Hunt reaffirmed a “buy” rating and set a GBX 1,320 ($16.34) price objective on shares of Greggs plc in a research note on Wednesday, July 13th. Finally, Investec reaffirmed a “buy” rating and set a GBX 1,250 ($15.47) price objective on shares of Greggs plc in a research note on Tuesday, July 19th.
In other Greggs plc news, insider Hutton,Richard sold 41,170 shares of the business’s stock in a transaction that occurred on Friday, August 12th. The stock was sold at an average price of GBX 1,050 ($13.00), for a total transaction of £432,285 ($535,006.19).
Greggs plc (LON:GRG) traded up 0.20% during trading on Tuesday, hitting GBX 1008.00. The stock had a trading volume of 141,380 shares. The stock’s 50 day moving average price is GBX 1,038.86 and its 200 day moving average price is GBX 1,049.11. Greggs plc has a 12-month low of GBX 869.00 and a 12-month high of GBX 1,335.00. The firm’s market cap is GBX 1.01 billion.
The firm also recently announced a dividend, which was paid on Friday, October 7th. Shareholders of record on Thursday, September 8th were given a dividend of GBX 9.50 ($0.12) per share. This represents a yield of 0.91%. The ex-dividend date of this dividend was Thursday, September 8th.
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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