Greggs plc Plans Dividend of GBX 19 (LON:GRG)

Greggs plc (LON:GRG) declared a dividend on Tuesday, July 30th, Upcoming.Co.Uk reports. Shareholders of record on Thursday, September 5th will be given a dividend of GBX 19 ($0.25) per share on Friday, October 4th. This represents a yield of 0.65%. The ex-dividend date of this dividend is Thursday, September 5th. The official announcement can be viewed at this link.

Greggs Trading Down 0.1 %

Shares of GRG opened at GBX 3,156 ($41.50) on Tuesday. The company has a quick ratio of 0.88, a current ratio of 0.80 and a debt-to-equity ratio of 66.19. Greggs has a 12-month low of GBX 2,244 ($29.51) and a 12-month high of GBX 3,230 ($42.47). The firm has a market capitalization of £3.20 billion, a PE ratio of 2,358.21, a price-to-earnings-growth ratio of 3.39 and a beta of 1.43. The stock’s fifty day simple moving average is GBX 2,984.33 and its 200-day simple moving average is GBX 2,872.16.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Berenberg Bank upped their price target on Greggs from GBX 3,340 ($43.92) to GBX 3,600 ($47.34) and gave the company a “buy” rating in a research note on Wednesday, July 31st. Shore Capital reiterated a “house stock” rating on shares of Greggs in a report on Tuesday, May 14th. Finally, Royal Bank of Canada reiterated an “overweight” rating and issued a GBX 3,335 ($43.85) price objective on shares of Greggs in a report on Wednesday, May 15th.

Insider Activity at Greggs

In related news, insider Roisin Currie acquired 75 shares of the company’s stock in a transaction that occurred on Thursday, June 6th. The stock was acquired at an average price of GBX 1,672 ($21.99) per share, for a total transaction of £1,254 ($1,648.92). 5.96% of the stock is currently owned by corporate insiders.

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.