Shares of Greggs plc (LON:GRG - Get Free Report) traded down 15.2% during trading on Thursday . The stock traded as low as GBX 1,646 ($22.48) and last traded at GBX 1,675 ($22.87). 5,472,417 shares changed 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).
Wall Street Analysts Forecast Growth
A number of equities analysts have recently commented on GRG shares. Shore Capital reissued a "buy" rating on shares of Greggs in a research report on Tuesday, May 20th. Berenberg Bank reiterated a "buy" rating and issued a GBX 3,250 ($44.38) target price on shares of Greggs in a report on Wednesday, May 21st.
Check Out Our Latest Stock Report on GRG
Greggs Stock Up 3.6%
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 has a market capitalization of £1.75 billion, a P/E ratio of 12.87, a price-to-earnings-growth ratio of 3.39 and a beta of 1.43. The business has a 50 day moving average price of GBX 1,947.79 and a 200 day moving average price of GBX 2,057.80.
Insider Transactions at Greggs
In other Greggs news, insider Roisin Currie purchased 64 shares of the company's stock in a transaction on Saturday, June 14th. The shares were bought at an average cost of GBX 2,791 ($38.11) per share, with a total value 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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