Greggs plc (LON:GRG - Get Free Report) insider Roisin Currie bought 65 shares of the stock in a transaction dated Thursday, April 11th. The stock was bought at an average price of GBX 2,766 ($35.01) per share, with a total value of £1,797.90 ($2,275.53).
Greggs Stock Performance
Greggs stock remained flat at GBX 2,778 ($35.16) during trading on Thursday. 106,537 shares of the company were exchanged, compared to its average volume of 239,906. The stock has a market capitalization of £2.82 billion, a price-to-earnings ratio of 1,998.56, a price-to-earnings-growth ratio of 3.39 and a beta of 1.28. The business's 50-day moving average price is GBX 2,779.93 and its 200 day moving average price is GBX 2,601.14. Greggs plc has a 52-week low of GBX 2,244 ($28.40) and a 52-week high of GBX 2,914 ($36.88). The company has a quick ratio of 0.88, a current ratio of 1.09 and a debt-to-equity ratio of 60.20.
Greggs Increases Dividend
The company also recently announced a dividend, which will be paid on Friday, May 24th. Stockholders of record on Thursday, April 25th will be paid a GBX 86 ($1.09) dividend. The ex-dividend date of this dividend is Thursday, April 25th. This is an increase from Greggs's previous dividend of $16.00. This represents a dividend yield of 3.17%. Greggs's dividend payout ratio is 4,460.43%.
Wall Street Analysts Forecast Growth
Separately, Jefferies Financial Group reissued a "buy" rating and issued a GBX 3,450 ($43.67) price objective on shares of Greggs in a report on Wednesday, March 20th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of GBX 3,075 ($38.92).
View Our Latest Stock Report on Greggs
About Greggs
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Greggs plc operates as a food-on-the-go retailer in the United Kingdom. It offers a range of fresh and frozen bakery products, sandwiches, and drinks. The company sells products to franchise and wholesale partners for sale in their own outlets. It is also involved in the property holding, non-trading, and trustee businesses.
Further Reading
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