Shore Capital Reaffirms Under Review Rating for Greggs (LON:GRG)

Shore Capital reiterated their under review rating on shares of Greggs (LON:GRG) in a report published on Tuesday morning, Stock Target Advisor reports.

A number of other research analysts have also commented on the company. UBS Group reissued a buy rating on shares of Greggs in a report on Monday, March 2nd. Canaccord Genuity reissued a hold rating and set a GBX 2,400 ($31.57) price target on shares of Greggs in a report on Wednesday, March 4th. Peel Hunt reissued a reduce rating on shares of Greggs in a report on Tuesday, March 3rd. Berenberg Bank reissued a hold rating on shares of Greggs in a report on Friday, January 17th. Finally, HSBC lowered Greggs to a reduce rating in a report on Wednesday, January 29th. Three analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company. The stock has an average rating of Hold and a consensus price target of GBX 2,082.86 ($27.40).

Shares of GRG opened at GBX 1,568 ($20.63) on Tuesday. The firm has a market capitalization of $1.63 billion and a price-to-earnings ratio of 18.45. The company has a debt-to-equity ratio of 79.50, a quick ratio of 0.57 and a current ratio of 0.68. Greggs has a one year low of GBX 1,276.50 ($16.79) and a one year high of GBX 2,550 ($33.54). The stock’s fifty day moving average is GBX 2,040.04 and its 200-day moving average is GBX 2,077.99.

The company also recently announced a dividend, which will be paid on Thursday, May 21st. Investors of record on Thursday, April 16th will be issued a dividend of GBX 33 ($0.43) per share. This represents a yield of 1.52%. The ex-dividend date of this dividend is Thursday, April 16th. Greggs’s payout ratio is currently 0.53%.

In other news, insider Roger Whiteside bought 11,251 shares of the stock in a transaction that occurred on Wednesday, March 25th. The shares were purchased at an average cost of GBX 1,589 ($20.90) per share, with a total value of £178,778.39 ($235,172.84).

Greggs Company Profile

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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Analyst Recommendations for Greggs (LON:GRG)

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