Greggs plc (LON:GRG - Get Free Report) traded down 15.2% during trading on Wednesday . The company traded as low as GBX 1,646 ($22.48) and last traded at GBX 1,675 ($22.87). 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 ($26.97).
Analyst Ratings Changes
Several equities analysts recently issued reports on the stock. Berenberg Bank reiterated a "buy" rating and issued a GBX 3,250 ($44.38) target price on shares of Greggs in a research note on Wednesday, May 21st. Shore Capital reiterated a "buy" rating on shares of Greggs in a research report on Tuesday, May 20th.
Read Our Latest Stock Analysis on GRG
Greggs Stock Performance
The firm's 50 day moving average price is GBX 1,947.79 and its two-hundred day moving average price is GBX 2,057.80. The firm has a market cap of £1.69 billion, a PE ratio of 12.42, a PEG ratio of 3.39 and a beta of 1.43. The company has a debt-to-equity ratio of 66.19, a quick ratio of 0.88 and a current ratio of 0.80.
Insiders Place Their Bets
In other Greggs news, insider Roisin Currie bought 64 shares of the business's stock in a transaction on Saturday, June 14th. The stock was bought at an average price of GBX 2,791 ($38.11) per share, with a total value of £1,786.24 ($2,439.22). Insiders own 5.89% of the company's stock.
Greggs Company Profile
(
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.
Further Reading
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