Investec Trims Greggs plc (GRG) Target Price to GBX 1,225
Greggs plc (LON:GRG) had its price target lowered by Investec from GBX 1,250 ($16.32) to GBX 1,225 ($15.99) in a research note issued to investors on Tuesday. The brokerage currently has a buy rating on the stock.
Other research analysts also recently issued reports about the company. Peel Hunt restated a buy rating and set a GBX 1,320 ($17.23) target price on shares of Greggs plc in a research note on Wednesday, July 13th. Canaccord Genuity dropped their target price on Greggs plc from GBX 1,325 ($17.30) to GBX 1,300 ($16.97) and set a buy rating on the stock in a research note 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 stock. The company presently has a consensus rating of Buy and an average target price of GBX 1,216.25 ($15.88).
Greggs plc (LON:GRG) opened at 1010.70 on Tuesday. Greggs plc has a 12-month low of GBX 869.00 and a 12-month high of GBX 1,335.00. The company’s market cap is GBX 1.01 billion. The firm has a 50-day moving average price of GBX 1,040.25 and a 200-day moving average price of GBX 1,050.87.
The company also recently declared a dividend, which will be paid on Friday, October 7th. Shareholders of record on Thursday, September 8th will be given a dividend of GBX 9.50 ($0.12) per share. The ex-dividend date of this dividend is Thursday, September 8th. This represents a yield of 0.91%.
In other Greggs plc news, insider Hutton,Richard sold 41,170 shares of Greggs plc stock in a transaction dated Friday, August 12th. The stock was 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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