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

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

Greggs Trading Up 0.4 %

Shares of Greggs stock opened at GBX 2,889 ($37.51) on Friday. The firm has a 50-day moving average of GBX 3,057.45 and a 200-day moving average of GBX 2,923.64. The stock has a market cap of £2.93 billion, a PE ratio of 2,155.97, a PEG ratio of 3.39 and a beta of 1.43. Greggs plc has a 52-week low of GBX 2,264 ($29.39) and a 52-week high of GBX 3,250 ($42.20). The company has a debt-to-equity ratio of 66.19, a quick ratio of 0.88 and a current ratio of 0.80.

Greggs Cuts Dividend

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

Analyst Ratings Changes

Several research firms have commented on GRG. Berenberg Bank upped their price objective on shares of Greggs from GBX 3,340 ($43.37) to GBX 3,600 ($46.74) and gave the company a “buy” rating in a report on Wednesday, July 31st. Shore Capital reiterated a “hold” rating on shares of Greggs in a report on Tuesday, September 10th.

About Greggs

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.