Greggs plc (LON:GRG - Get Free Report) insider Richard Hutton sold 18,005 shares of Greggs stock in a transaction on Tuesday, April 9th. The stock was sold at an average price of GBX 2,758 ($34.33), for a total transaction of £496,577.90 ($618,172.41).
Greggs Trading Up 1.5 %
Shares of GRG stock traded up GBX 40 ($0.50) on Monday, reaching GBX 2,796 ($34.81). The company had a trading volume of 162,251 shares, compared to its average volume of 237,290. The company has a current ratio of 1.09, a quick ratio of 0.88 and a debt-to-equity ratio of 60.20. The stock has a market cap of £2.84 billion, a PE ratio of 2,011.51, a PEG ratio of 3.39 and a beta of 1.28. The company has a 50-day moving average of GBX 2,787.01 and a 200-day moving average of GBX 2,609.06. Greggs plc has a 12 month low of GBX 2,244 ($27.93) and a 12 month high of GBX 2,914 ($36.28).
Greggs Increases Dividend
The firm also recently announced a dividend, which will be paid on Friday, May 24th. Investors of record on Thursday, April 25th will be paid a dividend of GBX 86 ($1.07) per share. This represents a yield of 3.17%. This is a boost from Greggs's previous dividend of $16.00. The ex-dividend date is Thursday, April 25th. Greggs's dividend payout ratio is presently 4,460.43%.
Analyst Ratings Changes
Separately, Jefferies Financial Group restated a "buy" rating and issued a GBX 3,450 ($42.95) target price on shares of Greggs in a research note on Wednesday, March 20th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of GBX 3,075 ($38.28).
Read Our Latest Report on GRG
Greggs Company Profile
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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.
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