Greggs plc (LON:GRG - Get Free Report) shares shot up 9.2% during mid-day trading on Wednesday . The company traded as high as GBX 2,237.88 ($30.28) and last traded at GBX 2,182 ($29.53). 1,496,559 shares changed hands during trading, a decline of 0% from the average session volume of 1,501,760 shares. The stock had previously closed at GBX 1,999 ($27.05).
Wall Street Analysts Forecast Growth
A number of analysts recently issued reports on the company. Berenberg Bank reiterated a "buy" rating and issued a GBX 3,250 ($43.98) price target on shares of Greggs in a report on Wednesday, May 21st. Shore Capital restated a "buy" rating on shares of Greggs in a report on Tuesday, May 20th.
Read Our Latest Stock Report on GRG
Greggs Price Performance
The stock has a 50-day moving average price of GBX 1,843.08 and a two-hundred day moving average price of GBX 2,192.27. The stock has a market cap 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 current ratio of 0.80, a quick ratio of 0.88 and a debt-to-equity ratio of 66.19.
Greggs (LON:GRG - Get Free Report) last announced its quarterly earnings results on Tuesday, March 4th. The company reported GBX 150.70 ($2.04) earnings per share for the quarter. Greggs had a return on equity of 26.79% and a net margin of 7.13%. As a group, equities research analysts forecast that Greggs plc will post 142.3763386 EPS for the current year.
Greggs Increases Dividend
The firm also recently disclosed a dividend, which was paid on Thursday, March 27th. Shareholders of record on Thursday, March 20th were issued a GBX 100 ($1.35) dividend. This is a positive change from Greggs's previous dividend of $50.00. This represents a yield of 3.66%. The ex-dividend date of this dividend was Thursday, March 20th. Greggs's dividend payout ratio (DPR) is presently 48.21%.
Insider Transactions at Greggs
In related news, insider Roisin Currie bought 721 shares of the company's stock in a transaction on Tuesday, March 25th. The stock was bought at an average cost 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.
Greggs Company Profile
(
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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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