Greggs plc (LON:GRG - Get Free Report)'s stock price was up 9.2% on Tuesday . The company traded as high as GBX 2,237.88 ($30.28) and last traded at GBX 2,182 ($29.53). Approximately 1,496,559 shares traded hands during mid-day trading, a decline of 0% from the average daily volume of 1,501,760 shares. The stock had previously closed at GBX 1,999 ($27.05).
Analyst Ratings Changes
Several equities research analysts have recently weighed in on GRG shares. Shore Capital reissued a "buy" rating on shares of Greggs in a research report on Tuesday, May 20th. Berenberg Bank reaffirmed a "buy" rating and set a GBX 3,250 ($43.98) price target on shares of Greggs in a research note on Wednesday, May 21st.
Get Our Latest Research Report on GRG
Greggs Stock Performance
The firm's fifty day simple moving average is GBX 1,843.08 and its 200 day simple moving average is GBX 2,192.27. The company has a market capitalization of £2.09 billion, a price-to-earnings ratio of 15.40, a PEG ratio of 3.39 and a beta of 1.43. The company has a debt-to-equity ratio of 66.19, a current ratio of 0.80 and a quick ratio of 0.88.
Greggs (LON:GRG - Get Free Report) last announced its earnings results on Tuesday, March 4th. The company reported GBX 150.70 ($2.04) earnings per share (EPS) for the quarter. Greggs had a net margin of 7.13% and a return on equity of 26.79%. On average, sell-side analysts forecast that Greggs plc will post 142.3763386 EPS for the current year.
Greggs Increases Dividend
The business also recently declared a dividend, which was paid on Thursday, March 27th. Stockholders of record on Thursday, March 20th were given a GBX 100 ($1.35) dividend. This represents a dividend yield of 3.66%. This is a positive change from Greggs's previous dividend of $50.00. The ex-dividend date of this dividend was Thursday, March 20th. Greggs's dividend payout ratio is 48.21%.
Insider Buying and Selling at Greggs
In related news, insider Roisin Currie purchased 721 shares of the stock in a transaction on Tuesday, March 25th. The shares were bought at an average price of GBX 1,796 ($24.30) per share, for a total transaction of £12,949.16 ($17,522.54). Corporate insiders own 5.89% of the company's stock.
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
Before you consider Greggs, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Greggs wasn't on the list.
While Greggs currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of seven stocks and why their long-term outlooks are very promising.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
