Greggs plc (LON:GRG - Get Free Report) fell 15.2% during mid-day 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 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).
Analyst Ratings Changes
Several research analysts have recently weighed in on GRG shares. Shore Capital reiterated a "buy" rating on shares of Greggs in a report on Tuesday, May 20th. Berenberg Bank cut their price objective on shares of Greggs from GBX 3,250 ($44.38) to GBX 3,040 ($41.51) and set a "buy" rating on the stock in a research report on Wednesday. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a "sell" rating and issued a GBX 1,330 ($18.16) target price on shares of Greggs in a research note on Thursday.
View Our Latest Research Report on Greggs
Greggs Stock Performance
The firm has a market cap of £1.71 billion, a price-to-earnings ratio of 12.61, a price-to-earnings-growth ratio of 3.39 and a beta of 1.43. The stock has a 50-day moving average of GBX 1,947.79 and a 200-day moving average of GBX 2,057.80. The company has a debt-to-equity ratio of 66.19, a quick ratio of 0.88 and a current ratio of 0.80.
Insider Activity
In other Greggs news, insider Roisin Currie bought 64 shares of Greggs stock in a transaction that occurred on Saturday, June 14th. The stock was acquired 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 company insiders.
About Greggs
(
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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.
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