Greggs (LON:GRG) Share Price Passes Above Two Hundred Day Moving Average of $2,784.09

Greggs plc (LON:GRG) shares passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 2,784.09 ($36.01) and traded as high as GBX 2,838 ($36.70). Greggs shares last traded at GBX 2,838 ($36.70), with a volume of 145,455 shares traded.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on GRG. Berenberg Bank lowered their target price on Greggs from GBX 3,390 ($43.84) to GBX 3,340 ($43.20) and set a “buy” rating for the company in a report on Tuesday, May 14th. Shore Capital reaffirmed a “house stock” rating on shares of Greggs in a report on Tuesday, May 14th. Finally, Royal Bank of Canada reaffirmed an “overweight” rating and issued a GBX 3,335 ($43.13) target price on shares of Greggs in a report on Wednesday, May 15th.

Greggs Trading Up 2.2 %

The company has a market cap of £2.94 billion, a price-to-earnings ratio of 2,086.33, a PEG ratio of 3.39 and a beta of 1.30. The firm has a 50 day moving average price of GBX 2,856.37 and a two-hundred day moving average price of GBX 2,786.44. The company has a quick ratio of 0.88, a current ratio of 1.09 and a debt-to-equity ratio of 60.20.

Insider Activity at Greggs

In other Greggs news, insider Roisin Currie bought 75 shares of the business’s stock in a transaction that occurred on Thursday, June 6th. The shares were bought at an average price of GBX 1,672 ($21.62) per share, for a total transaction of £1,254 ($1,621.83). 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.