Greggs plc (LON:GRG) has been assigned an average rating of “Hold” from the six brokerages that are covering the firm, Marketbeat reports. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 12-month price target among brokerages that have covered the stock in the last year is GBX 1,315 ($18.17).

Several equities research analysts have recently weighed in on the company. Barclays assumed coverage on Greggs in a research note on Monday, November 20th. They set an “equal weight” rating and a GBX 1,405 ($19.41) price objective for the company. Shore Capital reissued a “hold” rating on shares of Greggs in a research note on Tuesday, January 16th. Canaccord Genuity raised their price objective on Greggs from GBX 1,300 ($17.96) to GBX 1,320 ($18.24) and gave the stock a “hold” rating in a research note on Wednesday, January 17th. Peel Hunt reissued a “hold” rating and set a GBX 1,200 ($16.58) price objective on shares of Greggs in a research note on Tuesday, December 5th. Finally, Berenberg Bank raised their price objective on Greggs from GBX 1,350 ($18.65) to GBX 1,450 ($20.03) and gave the stock a “buy” rating in a research note on Thursday, February 15th.

Greggs (LON:GRG) traded down GBX 2 ($0.03) during trading hours on Friday, hitting GBX 1,211 ($16.73). The stock had a trading volume of 35,236 shares, compared to its average volume of 274,994. The company has a market capitalization of $1,230.00 and a P/E ratio of 2,162.50. Greggs has a fifty-two week low of GBX 994.50 ($13.74) and a fifty-two week high of GBX 1,400.25 ($19.35).

The firm also recently announced a dividend, which will be paid on Friday, May 18th. Stockholders of record on Thursday, April 19th will be issued a GBX 22 ($0.30) dividend. The ex-dividend date of this dividend is Thursday, April 19th. This represents a dividend yield of 1.85%. This is a positive change from Greggs’s previous dividend of $10.30.

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About Greggs

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.

Analyst Recommendations for Greggs (LON:GRG)

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