Greggs' (GRG) House Stock Rating Reaffirmed at Shore Capital

Shore Capital reaffirmed their house stock rating on shares of Greggs (LON:GRG - Free Report) in a research report sent to investors on Tuesday, MarketBeat.com reports.

Several other equities analysts also recently weighed in on GRG. Jefferies Financial Group restated a buy rating and set a GBX 3,450 ($43.33) target price on shares of Greggs in a report on Wednesday, March 20th. Berenberg Bank cut their price objective on Greggs from GBX 3,550 ($44.59) to GBX 3,390 ($42.58) and set a buy rating for the company in a research report on Thursday, April 25th. Two investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of Moderate Buy and a consensus target price of GBX 3,035 ($38.12).

Greggs Price Performance

Shares of GRG traded down GBX 42 ($0.53) during mid-day trading on Tuesday, hitting GBX 2,776 ($34.87). The company's stock had a trading volume of 127,527 shares, compared to its average volume of 219,804. The company has a current ratio of 1.09, a quick ratio of 0.88 and a debt-to-equity ratio of 60.20. Greggs has a 1-year low of GBX 2,244 ($28.18) and a 1-year high of GBX 2,910 ($36.55). The firm has a market capitalization of £2.82 billion, a P/E ratio of 1,997.12, a P/E/G ratio of 3.39 and a beta of 1.30. The firm has a 50-day simple moving average of GBX 2,797.33 and a 200 day simple moving average of GBX 2,668.57.

Greggs Increases Dividend

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

Insider Buying and Selling at Greggs

In related news, insider Roisin Currie purchased 65 shares of the business's stock in a transaction on Thursday, April 11th. The shares were bought at an average price of GBX 2,766 ($34.74) per share, with a total value of £1,797.90 ($2,258.10). In other Greggs news, insider Roisin Currie acquired 65 shares of the firm's stock in a transaction on Thursday, April 11th. The stock was bought at an average cost of GBX 2,766 ($34.74) per share, for a total transaction of £1,797.90 ($2,258.10). Also, insider Richard Hutton sold 18,005 shares of the firm's stock in a transaction on Tuesday, April 9th. The shares were sold at an average price of GBX 2,758 ($34.64), for a total transaction of £496,577.90 ($623,684.88). 5.82% of the stock is owned by company insiders.

Greggs Company Profile

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