Greggs (LON:GRG) Shares Down 15.2% - Should You Sell?

Greggs plc (LON:GRG - Get Free Report)'s stock price fell 15.2% on Wednesday . The stock traded as low as GBX 1,646 ($22.62) and last traded at GBX 1,675 ($23.02). 5,472,417 shares were traded 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 ($27.14).

Wall Street Analysts Forecast Growth

GRG has been the topic of a number of recent analyst reports. Shore Capital restated a "buy" rating on shares of Greggs in a research note on Tuesday, May 20th. Berenberg Bank reissued a "buy" rating and issued a GBX 3,250 ($44.66) target price on shares of Greggs in a research report on Wednesday, May 21st.

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 stock has a market capitalization of £1.69 billion, a PE ratio of 12.42, a PEG ratio of 3.39 and a beta of 1.43. The firm has a 50 day moving average price of GBX 1,951.10 and a 200-day moving average price of GBX 2,060.45.

Insider Transactions at Greggs

In other Greggs news, insider Roisin Currie acquired 64 shares of the company's stock in a transaction dated Saturday, June 14th. The shares were acquired at an average cost of GBX 2,791 ($38.35) per share, with a total value of £1,786.24 ($2,454.64). Corporate insiders own 5.89% of the company's stock.

Greggs Company Profile

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.

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