Greggs (LON:GRG) Sets New 1-Year High at $3,202.00

Greggs plc (LON:GRG)’s stock price hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as GBX 3,202 ($42.30) and last traded at GBX 3,182 ($42.03), with a volume of 130623 shares traded. The stock had previously closed at GBX 3,176 ($41.96).

Wall Street Analyst Weigh In

GRG has been the subject of a number of recent research reports. Berenberg Bank boosted their price target 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. Shore Capital restated a “hold” rating on shares of Greggs in a research report on Tuesday, September 10th.

Greggs Stock Performance

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

Greggs Cuts Dividend

The company also recently announced a dividend, which will be paid on Friday, October 4th. Shareholders of record on Thursday, September 5th will be paid a dividend of GBX 19 ($0.25) per share. This represents a yield of 0.65%. The ex-dividend date of this dividend is Thursday, September 5th. Greggs’s payout ratio is 4,850.75%.

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.