Greggs plc (LON:GRG) Insider Purchases £404.04 in Stock

Greggs plc (LON:GRG) insider Roisin Currie purchased 14 shares of the stock in a transaction on Wednesday, October 23rd. The stock was acquired at an average cost of GBX 2,886 ($37.47) per share, with a total value of £404.04 ($524.59).

Greggs Price Performance

Shares of GRG stock remained flat at GBX 2,878 ($37.37) on Thursday. The stock had a trading volume of 291,188 shares, compared to its average volume of 266,865. The stock has a market capitalization of £2.92 billion, a price-to-earnings ratio of 2,145.17, a P/E/G ratio of 3.39 and a beta of 1.43. Greggs plc has a fifty-two week low of GBX 2,264 ($29.39) and a fifty-two week high of GBX 3,250 ($42.20). The company’s fifty day simple moving average is GBX 3,061.23 and its 200-day simple moving average is GBX 2,923.04. 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 Cuts Dividend

The firm also recently declared a dividend, which was paid on Friday, October 4th. Shareholders of record on Thursday, September 5th were given a dividend of GBX 19 ($0.25) per share. The ex-dividend date was Thursday, September 5th. This represents a yield of 0.65%. Greggs’s dividend payout ratio is currently 4,850.75%.

Analyst Ratings Changes

A number of brokerages have recently weighed in on GRG. Shore Capital reissued a “hold” rating on shares of Greggs in a report on Tuesday, September 10th. Berenberg Bank upped their target price on Greggs from GBX 3,340 ($43.37) to GBX 3,600 ($46.74) and gave the company a “buy” rating in a research report on Wednesday, July 31st.

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.