Greggs (LON:GRG) Shares Cross Above 200 Day Moving Average of $2,754.34

Greggs plc (LON:GRG) shares crossed 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.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on GRG shares. Shore Capital reaffirmed a “house stock” rating on shares of Greggs in a report on Tuesday, May 14th. Jefferies Financial Group restated a “buy” rating and set a GBX 3,450 ($43.64) price objective on shares of Greggs in a report on Wednesday, March 20th. Royal Bank of Canada reaffirmed an “overweight” rating and set a GBX 3,335 ($42.18) target price on shares of Greggs in a research report on Wednesday, May 15th. Finally, Berenberg Bank dropped 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 report on Tuesday, May 14th.

Greggs Stock Down 0.2 %

The company has a quick ratio of 0.88, a current ratio of 1.09 and a debt-to-equity ratio of 60.20. The stock has a market cap of £2.79 billion, a P/E ratio of 1,981.29, a P/E/G ratio of 3.39 and a beta of 1.30. The company has a 50-day simple moving average of GBX 2,818.51 and a two-hundred day simple moving average of GBX 2,754.34.

Insider Buying and Selling at Greggs

In related news, insider Richard Hutton sold 18,005 shares of Greggs stock in a transaction that occurred 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 other Greggs news, insider Roisin Currie purchased 58 shares of Greggs stock in a transaction dated Thursday, June 13th. The stock was purchased at an average price 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 company’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 value of £496,577.90 ($628,102.58). In the last ninety days, insiders have purchased 198 shares of company stock valued at $470,258. 5.80% of the stock is currently owned by company 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.