Greggs plc (LON:GRG – Get Free Report)’s stock price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 2,622.02 ($32.39) and traded as high as GBX 2,808 ($34.68). Greggs shares last traded at GBX 2,786 ($34.41), with a volume of 86,513 shares trading hands.
Analysts Set New Price Targets
Separately, Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 3,450 ($42.61) target price on shares of Greggs in a report on Wednesday, March 20th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of GBX 3,075 ($37.98).
Check Out Our Latest Report on Greggs
Greggs Price Performance
Greggs Increases Dividend
The firm also recently disclosed a dividend, which will be paid on Friday, May 24th. Investors of record on Thursday, April 25th will be issued a GBX 86 ($1.06) dividend. This represents a yield of 3.17%. This is a positive change from Greggs’s previous dividend of $16.00. The ex-dividend date is Thursday, April 25th. Greggs’s dividend payout ratio is 4,460.43%.
Insider Buying and Selling
In related news, insider Richard Hutton sold 18,005 shares of the stock in a transaction that occurred on Tuesday, April 9th. The stock was sold at an average price of GBX 2,758 ($34.07), for a total value of £496,577.90 ($613,362.03). In other news, insider Roisin Currie purchased 65 shares of the firm’s stock in a transaction on Thursday, April 11th. The stock was purchased at an average cost of GBX 2,766 ($34.17) per share, with a total value of £1,797.90 ($2,220.73). Also, insider Richard Hutton sold 18,005 shares of the stock in a transaction on Tuesday, April 9th. The shares were sold at an average price of GBX 2,758 ($34.07), for a total value of £496,577.90 ($613,362.03). Corporate insiders own 5.88% of the company’s stock.
Greggs Company Profile
Greggs plc operates as a food-on-the-go retailer in the United Kingdom. It offers a range of fresh bakery products, sandwiches, and drinks. The company sells products to franchise and wholesale partners for sale in their own outlets. It is also involved in the property holding, non-trading, and trustee businesses.
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