Canaccord Genuity reiterated their buy rating on shares of Greggs plc (LON:GRG) in a research report report published on Tuesday morning. Canaccord Genuity currently has a GBX 1,300 ($16.97) price target on the stock.
GRG has been the subject of a number of other research reports. Peel Hunt reissued a buy rating and set a GBX 1,320 ($17.23) target price on shares of Greggs plc in a report on Tuesday, August 2nd. Investec reissued a buy rating and set a GBX 1,250 ($16.32) target price on shares of Greggs plc in a 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 stock. The company has an average rating of Buy and an average price target of GBX 1,216.25 ($15.88).
Shares of Greggs plc (LON:GRG) traded down 0.95% on Tuesday, hitting GBX 1041.00. 104,363 shares of the stock traded hands. The stock’s market cap is GBX 1.05 billion. The stock has a 50 day moving average of GBX 1,040.50 and a 200-day moving average of GBX 1,051.23. Greggs plc has a 1-year low of GBX 869.00 and a 1-year high of GBX 1,335.00.
The business also recently announced a dividend, which will be paid on Friday, October 7th. Investors of record on Thursday, September 8th will be issued a GBX 9.50 ($0.12) dividend. This represents a yield of 0.91%. The ex-dividend date of this dividend is Thursday, September 8th.
In related news, insider Hutton,Richard sold 41,170 shares of the company’s 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 value 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.
Receive News & 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 companies with MarketBeat.com's FREE daily email newsletter.