Greggs plc (LON:GRG – Get Rating) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 2,590.15 ($32.22) and traded as high as GBX 2,722.16 ($33.86). Greggs shares last traded at GBX 2,686 ($33.41), with a volume of 163,335 shares traded.
Wall Street Analyst Weigh In
GRG has been the subject of a number of analyst reports. Peel Hunt reissued a “hold” rating and issued a GBX 2,500 ($31.09) price objective on shares of Greggs in a research note on Tuesday, May 16th. Liberum Capital cut shares of Greggs to a “hold” rating and set a GBX 2,800 ($34.83) price objective for the company. in a research note on Tuesday, May 16th. Shore Capital reissued a “hold” rating on shares of Greggs in a research note on Tuesday, May 16th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a GBX 2,950 ($36.69) price objective on shares of Greggs in a research note on Wednesday, March 8th. Finally, Berenberg Bank increased their price objective on shares of Greggs from GBX 3,000 ($37.31) to GBX 3,200 ($39.80) and gave the stock a “buy” rating in a research note on Tuesday, May 2nd. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of GBX 2,862.50 ($35.60).
Greggs Stock Down 1.0 %
The company has a market capitalization of £2.74 billion, a PE ratio of 2,295.73, a PEG ratio of 3.39 and a beta of 1.35. The company’s 50 day moving average is GBX 2,762.68 and its two-hundred day moving average is GBX 2,590.15. The company has a quick ratio of 0.88, a current ratio of 1.16 and a debt-to-equity ratio of 67.56.
Greggs Increases Dividend
Insider Activity at Greggs
In other Greggs news, insider Richard Hutton sold 6,080 shares of Greggs stock in a transaction on Friday, March 31st. The shares were sold at an average price of GBX 2,792 ($34.73), for a total value of £169,753.60 ($211,136.32). 6.22% of the stock is currently owned by corporate insiders.
Greggs Company Profile
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 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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