Greggs plc (LON:GRG – Get Free Report) shares hit a new 52-week high on Tuesday . The company traded as high as GBX 3,202 ($42.30) and last traded at GBX 3,182 ($42.03), with a volume of 130623 shares trading hands. The stock had previously closed at GBX 3,176 ($41.96).
Analyst Upgrades and Downgrades
A number of equities analysts recently issued reports on the stock. Shore Capital reissued a “hold” rating on shares of Greggs in a research note on Tuesday, September 10th. Berenberg Bank raised their target price on Greggs from GBX 3,340 ($44.12) to GBX 3,600 ($47.56) and gave the company a “buy” rating in a research note on Wednesday, July 31st.
Read Our Latest Stock Report on Greggs
Greggs Trading Up 0.2 %
Greggs Cuts Dividend
The firm also recently announced a dividend, which will be paid on Friday, October 4th. Shareholders of record on Thursday, September 5th will be given a GBX 19 ($0.25) dividend. This represents a yield of 0.65%. The ex-dividend date is Thursday, September 5th. Greggs’s dividend payout ratio (DPR) is 4,850.75%.
About Greggs
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.
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