Greggs plc (LON:GRG) has received a consensus rating of “Buy” from the six analysts that are covering the company, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is GBX 1,215 ($15.97).

GRG has been the subject of a number of research reports. Shore Capital restated a “hold” rating on shares of Greggs plc in a research note on Tuesday, October 3rd. Berenberg Bank raised their target price on Greggs plc from GBX 1,300 ($17.09) to GBX 1,350 ($17.75) and gave the company a “buy” rating in a research note on Thursday, October 5th. Canaccord Genuity raised their target price on Greggs plc from GBX 1,000 ($13.15) to GBX 1,300 ($17.09) and gave the company a “hold” rating in a research note on Thursday. Finally, Investec restated a “buy” rating and issued a GBX 1,225 ($16.11) target price on shares of Greggs plc in a research note on Tuesday, August 1st.

In related news, insider Richard Hutton sold 24,949 shares of Greggs plc stock in a transaction dated Thursday, October 5th. The stock was sold at an average price of GBX 1,292 ($16.99), for a total value of £322,341.08 ($423,798.42).

COPYRIGHT VIOLATION WARNING: “Greggs plc (GRG) Receives Consensus Rating of “Buy” from Brokerages” was first posted by American Banking News and is the property of of American Banking News. If you are accessing this news story on another website, it was copied illegally and republished in violation of U.S. & international copyright and trademark laws. The legal version of this news story can be read at https://www.americanbankingnews.com/2017/10/12/greggs-plc-grg-receives-consensus-rating-of-buy-from-brokerages.html.

Greggs plc (GRG) traded up 1.98% during trading on Thursday, hitting GBX 1287.00. 148,139 shares of the stock traded hands. Greggs plc has a one year low of GBX 891.17 and a one year high of GBX 1,304.00. The company has a 50-day moving average price of GBX 1,217.43 and a 200 day moving average price of GBX 1,123.35. The stock’s market cap is GBX 1.29 billion.

The firm also recently announced a dividend, which was paid on Friday, October 6th. Stockholders of record on Thursday, September 7th were paid a GBX 10.30 ($0.14) dividend. The ex-dividend date was Thursday, September 7th. This represents a dividend yield of 0.92%.

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.

Analyst Recommendations for Greggs plc (LON:GRG)

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.