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

Greggs plc (LON:GRG) insider Roisin Currie acquired 14 shares of the stock in a transaction dated 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

LON GRG opened at GBX 2,870 ($37.26) on Friday. The stock’s fifty day moving average price is GBX 3,052.68 and its 200 day moving average price is GBX 2,924.13. Greggs plc has a 1 year low of GBX 2,264 ($29.39) and a 1 year high of GBX 3,250 ($42.20). The company has a debt-to-equity ratio of 66.19, a current ratio of 0.80 and a quick ratio of 0.88. The company has a market cap of £2.91 billion, a price-to-earnings ratio of 2,141.79, a PEG ratio of 3.39 and a beta of 1.43.

Greggs Cuts Dividend

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on GRG shares. Berenberg Bank increased their price target on Greggs from GBX 3,340 ($43.37) to GBX 3,600 ($46.74) and gave the company a “buy” rating in a research note on Wednesday, July 31st. Shore Capital reaffirmed a “hold” rating on shares of Greggs in a research 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.