Greggs plc (GRG) Price Target Increased to GBX 1,300 by Analysts at Canaccord Genuity
Greggs plc (LON:GRG) had its target price raised by Canaccord Genuity from GBX 1,000 ($13.15) to GBX 1,300 ($17.09) in a research report report published on Thursday morning. Canaccord Genuity currently has a hold rating on the stock.
A number of other equities analysts have also recently issued reports on GRG. Investec restated a buy rating and set a GBX 1,225 ($16.11) price target on shares of Greggs plc in a report on Tuesday, August 1st. Shore Capital restated a hold rating on shares of Greggs plc in a report on Wednesday, August 9th. Finally, Berenberg Bank upgraded Greggs plc to a buy rating and increased their price target for the stock from GBX 1,020 ($13.41) to GBX 1,300 ($17.09) in a report on Thursday, August 10th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Greggs plc presently has an average rating of Buy and a consensus price target of GBX 1,215 ($15.97).
Shares of Greggs plc (LON GRG) opened at 1286.37 on Thursday. Greggs plc has a one year low of GBX 891.17 and a one year high of GBX 1,304.00. The firm’s 50-day moving average is GBX 1,225.83 and its 200 day moving average is GBX 1,127.02. The firm’s market capitalization is GBX 1.29 billion.
The company also recently announced a dividend, which was paid on Friday, October 6th. Investors of record on Thursday, September 7th were issued a GBX 10.30 ($0.14) dividend. This represents a dividend yield of 0.92%. The ex-dividend date of this dividend was Thursday, September 7th.
In related news, insider Richard Hutton sold 24,949 shares of the stock in a transaction on 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).
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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