Greggs (GGGSF) Projected to Announce Quarterly Earnings on Tuesday

Greggs (OTCMKTS:GGGSF) is projected to issue its resultson Tuesday, August 4th. Analysts expect Greggs to post earnings of $0.6690 per share and revenue of $1.4515 billion for the quarter.

Greggs Stock Down 5.9%

Shares of GGGSF stock opened at $25.41 on Friday. Greggs has a 1-year low of $18.82 and a 1-year high of $27.00. The stock’s 50-day moving average is $21.83 and its 200 day moving average is $21.79.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. BNP Paribas Exane began coverage on shares of Greggs in a research report on Monday, April 27th. They set an “underperform” rating on the stock. Royal Bank Of Canada lowered shares of Greggs from an “outperform” rating to a “sector perform” rating in a research report on Friday. Two research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Reduce”.

Greggs Company Profile

Greggs plc, trading on the OTC Markets under the symbol GGGSF, is a leading UK-based bakery chain specializing in freshly prepared food and beverage offerings. Established in 1939, the company has grown from a single bakery in Newcastle upon Tyne into one of Britain’s most recognized high-street brands. Greggs operates a network of more than 2,000 retail outlets, including stand-alone shops, in-store concessions, and kiosks situated in transport hubs and convenience locations across England, Scotland and Wales.

The company’s core product range centers on bakery items such as its iconic sausage rolls, pastries, and sweet treats, complemented by a selection of sandwiches, salads and hot and cold beverages.