Greggs (LON:GRG) Hits New 52-Week Low at $2,010.00

Greggs plc (LON:GRG - Get Free Report)'s stock price reached a new 52-week low during mid-day trading on Thursday . The company traded as low as GBX 2,010 ($25.23) and last traded at GBX 2,807.96 ($35.25), with a volume of 93752 shares traded. The stock had previously closed at GBX 2,834 ($35.58).

Analyst Ratings Changes

Separately, Jefferies Financial Group restated a "buy" rating and set a GBX 3,450 ($43.31) price target on shares of Greggs in a research note on Wednesday, March 20th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of GBX 3,075 ($38.60).

Greggs Stock Down 1.1 %

The business has a 50-day simple moving average of GBX 2,767.73 and a two-hundred day simple moving average of GBX 2,589.95. The company has a debt-to-equity ratio of 60.20, a quick ratio of 0.88 and a current ratio of 1.09. The company has a market capitalization of £2.84 billion, a price-to-earnings ratio of 2,017.27, a PEG ratio of 3.39 and a beta of 1.28.

Greggs Increases Dividend

The business also recently disclosed a dividend, which will be paid on Friday, May 24th. Shareholders of record on Thursday, April 25th will be given a dividend of GBX 86 ($1.08) per share. This represents a yield of 3.17%. This is a boost from Greggs's previous dividend of $16.00. The ex-dividend date is Thursday, April 25th. Greggs's dividend payout ratio (DPR) is presently 4,460.43%.

About Greggs

Greggs plc operates as a food-on-the-go retailer in the United Kingdom. It offers a range of fresh and frozen 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.