Greggs plc (LON:GRG - Get Free Report) shares dropped 15.2% on Wednesday . The company traded as low as GBX 1,646 ($22.62) and last traded at GBX 1,675 ($23.02). Approximately 5,472,368 shares traded hands during mid-day trading, an increase of 336% from the average daily volume of 1,256,455 shares. The stock had previously closed at GBX 1,975 ($27.14).
Analyst Ratings Changes
Several equities analysts have issued reports on GRG shares. Berenberg Bank reiterated a "buy" rating and set a GBX 3,250 ($44.66) target price on shares of Greggs in a research report on Wednesday, May 21st. Shore Capital reissued a "buy" rating on shares of Greggs in a report on Tuesday, May 20th.
Check Out Our Latest Stock Report on GRG
Greggs Trading 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 has a market cap of £1.69 billion, a price-to-earnings ratio of 12.42, a price-to-earnings-growth ratio of 3.39 and a beta of 1.43. The business's 50-day moving average price is GBX 1,951.10 and its two-hundred day moving average price is GBX 2,060.45.
Insider Buying and Selling at Greggs
In other Greggs news, insider Roisin Currie acquired 64 shares of the stock in a transaction dated Saturday, June 14th. The stock was acquired at an average price of GBX 2,791 ($38.35) per share, with a total value of £1,786.24 ($2,454.64). 5.89% of the stock is currently owned by corporate 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.
Further Reading
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