Roisin Currie Acquires 65 Shares of Greggs plc (LON:GRG) Stock

Greggs plc (LON:GRG) insider Roisin Currie acquired 65 shares of the firm’s stock in a transaction dated Thursday, April 11th. The stock was bought at an average price of GBX 2,766 ($35.01) per share, for a total transaction of £1,797.90 ($2,275.53).

Greggs Price Performance

GRG stock opened at GBX 2,756 ($34.88) on Friday. The stock has a market capitalization of £2.80 billion, a price-to-earnings ratio of 1,982.73, a PEG ratio of 3.39 and a beta of 1.28. The firm’s 50-day moving average price is GBX 2,783.37 and its two-hundred day moving average price is GBX 2,603.62. The company has a current ratio of 1.09, a quick ratio of 0.88 and a debt-to-equity ratio of 60.20. Greggs plc has a 12-month low of GBX 2,244 ($28.40) and a 12-month high of GBX 2,914 ($36.88).

Greggs Increases Dividend

The firm also recently declared a dividend, which will be paid on Friday, May 24th. Investors of record on Thursday, April 25th will be issued a dividend of GBX 86 ($1.09) per share. This represents a yield of 3.17%. The ex-dividend date is Thursday, April 25th. This is an increase from Greggs’s previous dividend of $16.00. Greggs’s payout ratio is currently 4,460.43%.

Analyst Ratings Changes

Separately, Jefferies Financial Group restated a “buy” rating and set a GBX 3,450 ($43.67) price target on shares of Greggs in a research report on Wednesday, March 20th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of GBX 3,075 ($38.92).

About Greggs

Greggs plc operates as a 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.