Greggs plc Plans Dividend of GBX 19 (LON:GRG)

Greggs plc (LON:GRG) declared a dividend on Tuesday, July 30th, Upcoming.Co.Uk reports. Investors of record on Thursday, September 5th will be given a dividend of GBX 19 ($0.24) per share on Friday, October 4th. This represents a yield of 0.65%. The ex-dividend date is Thursday, September 5th. The official announcement can be viewed at this link.

Greggs Price Performance

Shares of LON GRG opened at GBX 3,119.51 ($40.13) on Wednesday. The stock’s 50-day moving average is GBX 2,862.77 and its two-hundred day moving average is GBX 2,795.62. The company has a debt-to-equity ratio of 60.20, a current ratio of 1.09 and a quick ratio of 0.88. Greggs has a 1-year low of GBX 2,244 ($28.87) and a 1-year high of GBX 3,136 ($40.34). The company has a market cap of £3.17 billion, a price-to-earnings ratio of 2,240.10, a price-to-earnings-growth ratio of 3.39 and a beta of 1.30.

Insider Activity

In other Greggs news, insider Roisin Currie acquired 58 shares of the company’s stock in a transaction dated Thursday, June 13th. The shares were acquired at an average price of GBX 2,846 ($36.61) per share, for a total transaction of £1,650.68 ($2,123.33). Company insiders own 5.80% of the company’s stock.

Analyst Ratings Changes

GRG has been the topic of several recent research reports. Royal Bank of Canada restated an “overweight” rating and set a GBX 3,335 ($42.90) price target on shares of Greggs in a report on Wednesday, May 15th. Berenberg Bank cut their price target on Greggs from GBX 3,390 ($43.61) to GBX 3,340 ($42.96) and set a “buy” rating on the stock in a report on Tuesday, May 14th. Finally, Shore Capital restated a “house stock” rating on shares of Greggs in a report on Tuesday, May 14th.

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.