Greggs plc Receives Consensus Rating of “Hold” from Brokerages (LON:GRG)
Greggs plc (LON:GRG) has earned an average recommendation of “Hold” from the eight ratings firms that are currently covering the stock, Analyst Ratings Network reports. One equities research analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and one has issued a buy recommendation on the company. The average twelve-month target price among analysts that have covered the stock in the last year is GBX 487 ($8.17).
Shares of Greggs plc (LON:GRG) opened at 556.50 on Tuesday. Greggs plc has a 52-week low of GBX 394.71 and a 52-week high of GBX 579.50. The stock’s 50-day moving average is GBX 531.8 and its 200-day moving average is GBX 519.0. The company’s market cap is £559.0 million.
The company also recently declared a dividend, which is scheduled for Friday, October 3rd. Stockholders 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.
GRG has been the subject of a number of recent research reports. 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.
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 Analyst Ratings Network's FREE daily email newsletter.