Greggs plc (GRG) Receives Consensus Recommendation of “Buy” from Analysts
Shares of Greggs plc (LON:GRG) have received an average rating of “Buy” from the six brokerages that are currently covering the company, Marketbeat Ratings reports. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is GBX 1,145 ($14.86).
A number of analysts have commented on the stock. Shore Capital reiterated a “hold” rating on shares of Greggs plc in a report on Wednesday, August 9th. Berenberg Bank upgraded shares of Greggs plc to a “buy” rating and raised their price target for the stock from GBX 1,020 ($13.24) to GBX 1,300 ($16.88) in a report on Thursday, August 10th. Finally, Investec restated a “buy” rating and set a GBX 1,225 ($15.90) price target on shares of Greggs plc in a report on Tuesday, August 1st.
Shares of Greggs plc (GRG) traded down 0.42% during midday trading on Wednesday, reaching GBX 1180.00. The company had a trading volume of 137,636 shares. The firm’s market capitalization is GBX 1.19 billion. The stock has a 50-day moving average of GBX 1,111.65 and a 200 day moving average of GBX 1,071.47. Greggs plc has a 52 week low of GBX 891.17 and a 52 week high of GBX 1,193.00.
The company also recently declared a dividend, which will be paid on Friday, October 6th. Stockholders of record on Thursday, September 7th will be issued a dividend of GBX 10.30 ($0.13) per share. The ex-dividend date of this dividend is Thursday, September 7th. This represents a dividend yield of 0.92%.
In other news, insider Richard Hutton purchased 449 shares of the business’s stock in a transaction dated Thursday, June 1st. The stock was acquired at an average price of GBX 465 ($6.04) per share, for a total transaction of £2,087.85 ($2,710.44).
WARNING: This article was first published by Daily Political and is the property of of Daily Political. If you are accessing this article on another website, it was illegally copied and reposted in violation of U.S. and international trademark & copyright legislation. The correct version of this article can be viewed at https://www.dailypolitical.com/2017/08/23/greggs-plc-grg-receives-consensus-recommendation-of-buy-from-analysts.html.
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.