Greggs (LON:GRG) Sets New 12-Month High at $3,202.00

Greggs plc (LON:GRG) 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.

Greggs Trading Up 0.2 %

The firm has a market capitalization of £3.23 billion, a PE ratio of 2,386.57, a P/E/G ratio of 3.39 and a beta of 1.43. The firm has a 50 day simple moving average of GBX 3,054.49 and a 200 day simple moving average of GBX 2,900.31. The company has a current ratio of 0.80, a quick ratio of 0.88 and a debt-to-equity ratio of 66.19.

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.