Greggs (LON:GRG) Reaches New 1-Year Low at $1,880.00

Greggs plc (LON:GRG) shares reached a new 52-week low during mid-day trading on Thursday . The stock traded as low as GBX 1,880 ($24.38) and last traded at GBX 2,888.96 ($37.47), with a volume of 453453 shares trading hands. The stock had previously closed at GBX 2,870 ($37.22).

Wall Street Analysts Forecast Growth

GRG has been the topic of several recent analyst reports. Berenberg Bank cut their price target on shares of Greggs from GBX 3,390 ($43.96) to GBX 3,340 ($43.31) and set a “buy” rating on the stock in a report on Tuesday, May 14th. Shore Capital reiterated a “house stock” rating on shares of Greggs in a research note on Tuesday, May 14th. Royal Bank of Canada reiterated an “overweight” rating and set a GBX 3,335 ($43.25) target price on shares of Greggs in a research note on Wednesday, May 15th. Finally, Jefferies Financial Group reiterated a “buy” rating and set a GBX 3,450 ($44.74) target price on shares of Greggs in a research note on Wednesday, March 20th.

Greggs Stock Down 0.1 %

The stock’s 50-day moving average is GBX 2,847.80 and its 200-day moving average is GBX 2,774.55. The stock has a market cap of £2.91 billion, a P/E ratio of 2,064.75, a price-to-earnings-growth ratio of 3.39 and a beta of 1.30. The company has a current ratio of 1.09, a quick ratio of 0.88 and a debt-to-equity ratio of 60.20.

Insider Buying and Selling at Greggs

In other Greggs news, insider Roisin Currie purchased 58 shares of the business’s stock in a transaction on Thursday, June 13th. The stock was bought at an average cost of GBX 2,846 ($36.91) per share, with a total value of £1,650.68 ($2,140.68). 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.