Greggs plc (LON:GRG) insider Richard Hutton sold 24,949 shares of the stock in a transaction that occurred on Thursday, October 5th. The shares were sold at an average price of GBX 1,292 ($17.14), for a total transaction of £322,341.08 ($427,564.77).

Shares of Greggs plc (LON GRG) traded down 1.09% during midday trading on Friday, reaching GBX 1269.00. 90,329 shares of the company traded hands. The company has a 50 day moving average price of GBX 1,209.36 and a 200 day moving average price of GBX 1,115.73. The company’s market capitalization is GBX 1.28 billion. Greggs plc has a 1-year low of GBX 891.17 and a 1-year high of GBX 1,304.84.

The business also recently declared a dividend, which will be paid on Friday, October 6th. Shareholders of record on Thursday, September 7th will be paid a dividend of GBX 10.30 ($0.14) per share. The ex-dividend date of this dividend is Thursday, September 7th. This represents a yield of 0.92%.

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A number of research firms have recently commented on GRG. Berenberg Bank increased their price target on shares of Greggs plc from GBX 1,300 ($17.24) to GBX 1,350 ($17.91) and gave the company a “buy” rating in a report on Thursday. Shore Capital reiterated a “hold” rating on shares of Greggs plc in a report on Tuesday. Finally, Investec reiterated a “buy” rating and set a GBX 1,225 ($16.25) price target on shares of Greggs plc in a report on Tuesday, August 1st. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Greggs plc presently has an average rating of “Buy” and a consensus target price of GBX 1,155 ($15.32).

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.

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