Greggs plc Receives Corporate Rating from N+1 Singer (GRG)
Greggs plc (LON:GRG) traded down 0.10% during mid-day trading on Wednesday, hitting GBX 523.00. 188,336 shares of the company’s stock traded hands. Greggs plc has a 1-year low of GBX 388.40 and a 1-year high of GBX 579.50. The stock’s 50-day moving average is GBX 527. and its 200-day moving average is GBX 516.5. The company’s market cap is £525.4 million.
The company also recently declared a dividend, which is scheduled for Friday, October 3rd. Shareholders of record on Wednesday, September 3rd will be given a dividend of GBX 6 ($0.10) per share. This represents a yield of 1.14%. The ex-dividend date of this dividend is Wednesday, September 3rd.
A number of other firms have also recently commented on GRG. Analysts at Shore Capital reiterated a “hold” rating on shares of Greggs plc in a research note on Tuesday, July 1st. Separately, analysts at Oriel Securities Ltd reiterated a “hold” rating on shares of Greggs plc in a research note on Friday, May 9th. They now have a GBX 500 ($8.49) price target on the stock. Finally, analysts at Liberum Capital reiterated a “hold” rating on shares of Greggs plc in a research note on Friday, May 9th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of GBX 487 ($8.27).
Greggs plc is a bakery retailer in the United Kingdom. The Company has approximately 2,000 shops, supplied by approximately 10 regional bakeries.
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