Greggs (LON:GRG) Share Price Crosses Above 200 Day Moving Average of $2,674.38

Greggs plc (LON:GRG)’s share price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 2,674.38 ($34.94) and traded as high as GBX 3,071 ($40.12). Greggs shares last traded at GBX 3,065 ($40.04), with a volume of 177,113 shares trading hands.

GRG has been the subject of a number of recent analyst reports. Berenberg Bank upped their target price on Greggs from GBX 2,950 ($38.54) to GBX 3,300 ($43.11) and gave the company a “buy” rating in a report on Friday, August 6th. Shore Capital reaffirmed a “sell” rating on shares of Greggs in a research note on Tuesday, October 5th. Finally, Barclays upped their price target on Greggs from GBX 3,055 ($39.91) to GBX 3,340 ($43.64) and gave the stock an “overweight” rating in a research note on Wednesday, October 6th.

The company has a market capitalization of £3.12 billion and a PE ratio of 36.66. The company has a 50 day moving average of GBX 2,995.80 and a two-hundred day moving average of GBX 2,674.38. The company has a debt-to-equity ratio of 75.08, a current ratio of 1.06 and a quick ratio of 0.91.

The business also recently announced a dividend, which was paid on Friday, October 8th. Stockholders of record on Thursday, September 9th were paid a GBX 15 ($0.20) dividend. The ex-dividend date was Thursday, September 9th. This represents a dividend yield of 0.53%.

About Greggs (LON:GRG)

Greggs plc operates as a bakery food-on-the-go retailer in the United Kingdom. It offers a range of fresh and frozen bakery products, sandwiches, and drinks. The company sells its products through its shops in travel, leisure, and work-centered catchments; and franchised shops operated by partners in travel and other convenience locations.

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