Greggs (GRG) – Investment Analysts’ Recent Ratings Changes

A number of research firms have changed their ratings and price targets for Greggs (LON: GRG):

  • 10/3/2019 – Greggs had its “reduce” rating reaffirmed by analysts at Peel Hunt LLP. They now have a GBX 2,000 ($26.13) price target on the stock.
  • 10/3/2019 – Greggs had its “reduce” rating reaffirmed by analysts at Peel Hunt. They now have a GBX 2,000 ($26.13) price target on the stock.
  • 10/1/2019 – Greggs had its “hold” rating reaffirmed by analysts at Canaccord Genuity. They now have a GBX 2,050 ($26.79) price target on the stock.
  • 10/1/2019 – Greggs had its “hold” rating reaffirmed by analysts at Shore Capital.
  • 10/1/2019 – Greggs had its “buy” rating reaffirmed by analysts at UBS Group AG. They now have a GBX 2,300 ($30.05) price target on the stock.
  • 9/27/2019 – Greggs had its “reduce” rating reaffirmed by analysts at Peel Hunt.
  • 8/28/2019 – Greggs was upgraded by analysts at UBS Group AG to a “buy” rating. They now have a GBX 2,300 ($30.05) price target on the stock, up previously from GBX 1,880 ($24.57).
  • 8/23/2019 – Greggs had its “hold” rating reaffirmed by analysts at Canaccord Genuity. They now have a GBX 2,050 ($26.79) price target on the stock.

LON GRG opened at GBX 1,734.60 ($22.67) on Thursday. Greggs plc has a 1 year low of GBX 1,003 ($13.11) and a 1 year high of GBX 2,496 ($32.61). The company has a debt-to-equity ratio of 82.57, a current ratio of 0.74 and a quick ratio of 0.61. The firm has a market cap of $1.75 billion and a price-to-earnings ratio of 23.31. The company has a fifty day moving average price of GBX 1,994.62 and a 200-day moving average price of GBX 2,064.03.

The company also recently announced a dividend, which was paid on Thursday, October 3rd. Stockholders of record on Thursday, September 5th were paid a GBX 46.90 ($0.61) dividend. This is a positive change from Greggs’s previous dividend of $25.00. The ex-dividend date was Thursday, September 5th. This represents a dividend yield of 2.02%. Greggs’s dividend payout ratio is presently 0.50%.

In related news, insider Roger Whiteside sold 1,194 shares of the business’s stock in a transaction dated Monday, October 7th. The shares were sold at an average price of GBX 1,804 ($23.57), for a total value of £21,539.76 ($28,145.51).

Greggs plc operates as a bakery food-on-the-go retailer in the United Kingdom. It offers a range of fresh and frozen bakery products, sandwiches, drinks, snacks, small cakes and muffins, breakfast products, and sweet bakery treats, as well as porridges, salads, and soups. The company sells its products through its shops in travel, leisure, and work-centered catchments; and franchised stores in motorway service stations and petrol forecourts.

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