Greggs plc (LON:GRG - Get Free Report)'s stock price fell 15.2% on Wednesday . The stock traded as low as GBX 1,646 ($22.48) and last traded at GBX 1,675 ($22.87). 5,472,417 shares traded hands during trading, an increase of 336% from the average session volume of 1,256,455 shares. The stock had previously closed at GBX 1,975 ($26.97).
Wall Street Analyst Weigh In
GRG has been the subject of a number of analyst reports. Berenberg Bank reissued a "buy" rating and issued a GBX 3,250 ($44.38) price objective on shares of Greggs in a research note on Wednesday, May 21st. Shore Capital reaffirmed a "buy" rating on shares of Greggs in a report on Tuesday, May 20th.
Check Out Our Latest Stock Analysis on GRG
Greggs Stock Performance
The company has a quick ratio of 0.88, a current ratio of 0.80 and a debt-to-equity ratio of 66.19. The business has a 50 day moving average price of GBX 1,947.79 and a two-hundred day moving average price of GBX 2,057.80. The stock has a market cap of £1.69 billion, a P/E ratio of 12.42, a price-to-earnings-growth ratio of 3.39 and a beta of 1.43.
Insiders Place Their Bets
In related news, insider Roisin Currie acquired 64 shares of Greggs stock in a transaction dated Saturday, June 14th. The shares were purchased at an average price of GBX 2,791 ($38.11) per share, for a total transaction of £1,786.24 ($2,439.22). 5.89% of the stock is owned by insiders.
About Greggs
(
Get Free Report)
Greggs is a leading UK food-on-the-go retailer with more than 2,600 shops nationwide and approximately 33,000 employees across the business.
As a food-on-the-go retailer, Greggs specialises in daily fresh shop-made sandwiches, and savouries baked fresh in the shop ovens throughout the day. These are further complemented by popular products and ranges including freshly ground coffee, breakfast, confectionery and evening menu items.
See Also
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