Greggs plc (GRG) Receives Consensus Rating of “Buy” from Brokerages
Greggs plc (LON:GRG) has earned a consensus rating of “Buy” from the five analysts that are currently covering the firm. Two investment analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1-year target price among brokerages that have covered the stock in the last year is GBX 1,216.25 ($15.05).
A number of brokerages have issued reports on GRG. Peel Hunt reissued a “buy” rating and issued a GBX 1,320 ($16.34) target price on shares of Greggs plc in a report on Wednesday, July 13th. Canaccord Genuity cut their target price on shares of Greggs plc from GBX 1,325 ($16.40) to GBX 1,300 ($16.09) and set a “buy” rating on the stock in a report on Tuesday, August 2nd. Finally, Investec reissued a “buy” rating and issued a GBX 1,250 ($15.47) target price on shares of Greggs plc in a report on Tuesday, July 19th.
In other Greggs plc news, insider Hutton,Richard sold 41,170 shares of the firm’s stock in a transaction dated Friday, August 12th. The shares were sold at an average price of GBX 1,050 ($13.00), for a total value of £432,285 ($535,006.19).
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at https://www.americanbankingnews.com/2016/10/11/greggs-plc-grg-receives-consensus-rating-of-buy-from-brokerages.html
Greggs plc (LON:GRG) traded up 0.20% during midday trading on Tuesday, hitting GBX 1008.00. The company had a trading volume of 141,380 shares. Greggs plc has a 12-month low of GBX 869.00 and a 12-month high of GBX 1,335.00. The stock’s market cap is GBX 1.01 billion. The company’s 50 day moving average is GBX 1,038.86 and its 200 day moving average is GBX 1,049.11.
The firm also recently announced a dividend, which was paid on Friday, October 7th. Shareholders of record on Thursday, September 8th were issued a GBX 9.50 ($0.12) dividend. The ex-dividend date of this dividend was Thursday, September 8th. This represents a yield of 0.91%.
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.