Greggs plc Receives Average Rating of “Hold” from Brokerages (LON:GRG)
Shares of Greggs plc (LON:GRG) have earned an average rating of “Hold” from the eight brokerages that are currently covering the company, Analyst Ratings Network.com reports. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is GBX 487 ($8.17).
Shares of Greggs plc (LON:GRG) opened at 543.00 on Tuesday. Greggs plc has a 1-year low of GBX 393.50 and a 1-year high of GBX 579.50. The stock’s 50-day moving average is GBX 529.2 and its 200-day moving average is GBX 518.. The company’s market cap is £545.5 million.
The company also recently announced a dividend, which is scheduled for Friday, October 3rd. Stockholders of record on Wednesday, September 3rd will be paid a dividend of GBX 6 ($0.10) per share. This represents a dividend yield of 1.14%. The ex-dividend date is Wednesday, September 3rd.
Several analysts have recently commented on the stock. Analysts at Shore Capital reiterated a “hold” rating on shares of Greggs plc in a research note on Wednesday, July 30th. Separately, analysts at N+1 Singer reiterated a “corporate” rating on shares of Greggs plc in a research note on Wednesday, July 30th.
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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