Greggs plc (LON:GRG) had its target price increased by Berenberg Bank from GBX 1,300 ($17.24) to GBX 1,350 ($17.91) in a report released on Thursday. Berenberg Bank currently has a buy rating on the stock.
A number of other research firms have also commented on GRG. Shore Capital reiterated a hold rating on shares of Greggs plc in a research note on Tuesday, October 3rd. Investec restated a buy rating and set a GBX 1,225 ($16.25) price target on shares of Greggs plc in a research note on Tuesday, August 1st. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Greggs plc presently has an average rating of Buy and a consensus price target of GBX 1,155 ($15.32).
Greggs plc (GRG) opened at 1260.00 on Thursday. Greggs plc has a 12-month low of GBX 891.17 and a 12-month high of GBX 1,304.00. The company’s market cap is GBX 1.27 billion. The firm’s 50-day moving average price is GBX 1,210.86 and its 200-day moving average price is GBX 1,116.77.
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The company also recently declared a dividend, which was paid on Friday, October 6th. Investors of record on Thursday, September 7th were paid a dividend of GBX 10.30 ($0.14) per share. The ex-dividend date of this dividend was Thursday, September 7th. This represents a yield of 0.92%.
In related news, insider Richard Hutton sold 24,949 shares of the business’s stock in a transaction dated Thursday, October 5th. The stock was sold at an average price of GBX 1,292 ($17.14), for a total transaction of £322,341.08 ($427,564.77).
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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