Greggs (LON:GRG) Stock Price Passes Above 200 Day Moving Average of $2,754.34

Shares of Greggs plc (LON:GRG) passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 2,754.34 ($34.84) and traded as high as GBX 2,762 ($34.94). Greggs shares last traded at GBX 2,754 ($34.83), with a volume of 102,529 shares traded.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on GRG. Berenberg Bank decreased their price target on Greggs from GBX 3,390 ($42.88) to GBX 3,340 ($42.25) and set a “buy” rating on the stock in a research report on Tuesday, May 14th. Royal Bank of Canada reissued an “overweight” rating and issued a GBX 3,335 ($42.18) target price on shares of Greggs in a research note on Wednesday, May 15th. Jefferies Financial Group restated a “buy” rating and set a GBX 3,450 ($43.64) price target on shares of Greggs in a research report on Wednesday, March 20th. Finally, Shore Capital reiterated a “house stock” rating on shares of Greggs in a research report on Tuesday, May 14th.

Greggs Trading Up 0.2 %

The stock has a fifty day moving average of GBX 2,818.99 and a 200 day moving average of GBX 2,754.68. The company has a debt-to-equity ratio of 60.20, a quick ratio of 0.88 and a current ratio of 1.09. The company has a market capitalization of £2.85 billion, a P/E ratio of 2,017.27, a PEG ratio of 3.39 and a beta of 1.30.

Insider Activity at Greggs

In other Greggs news, insider Roisin Currie bought 58 shares of the business’s stock in a transaction that occurred on Thursday, June 13th. The stock was purchased at an average price of GBX 2,846 ($36.00) per share, for a total transaction of £1,650.68 ($2,087.88). In related news, insider Roisin Currie bought 58 shares of the business’s stock in a transaction that occurred on Thursday, June 13th. The stock was bought at an average cost of GBX 2,846 ($36.00) per share, with a total value of £1,650.68 ($2,087.88). Also, insider Richard Hutton sold 18,005 shares of the business’s stock in a transaction on Tuesday, April 9th. The stock was sold at an average price of GBX 2,758 ($34.88), for a total transaction of £496,577.90 ($628,102.58). In the last quarter, insiders have bought 198 shares of company stock worth $470,258. 5.80% of the stock is owned by corporate insiders.

Greggs Company Profile

Greggs plc operates as a food-on-the-go retailer in the United Kingdom. It offers a range of fresh 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.