Shares of Greggs plc (LON:GRG - Get Free Report) dropped 13.7% on Wednesday . The company traded as low as GBX 1,646 ($22.48) and last traded at GBX 1,704.94 ($23.28). Approximately 9,599,260 shares were traded during trading, an increase of 645% from the average daily volume of 1,289,208 shares. The stock had previously closed at GBX 1,975 ($26.97).
Wall Street Analyst Weigh In
Several research firms have commented on GRG. Berenberg Bank reiterated a "buy" rating and set a GBX 3,250 ($44.38) price target on shares of Greggs in a report on Wednesday, May 21st. Shore Capital restated a "buy" rating on shares of Greggs in a research note on Tuesday, May 20th.
View Our Latest Report on GRG
Greggs Stock Down 15.2%
The company has a debt-to-equity ratio of 66.19, a current ratio of 0.80 and a quick ratio of 0.88. The firm's 50 day moving average price is GBX 1,951.10 and its two-hundred day moving average price is GBX 2,060.45. The firm has a market cap of £1.69 billion, a price-to-earnings ratio of 12.42, a P/E/G ratio of 3.39 and a beta of 1.43.
Insider Buying and Selling
In other news, insider Roisin Currie acquired 64 shares of Greggs stock in a transaction that occurred on Saturday, June 14th. The stock was purchased at an average price of GBX 2,791 ($38.11) per share, for a total transaction of £1,786.24 ($2,439.22). Insiders own 5.89% of the company's stock.
Greggs Company Profile
(
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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.
Further Reading
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