Greggs (LON:GRG) Insider Richard Smothers Buys 1,615 Shares

Greggs plc (LON:GRG) insider Richard Smothers acquired 1,615 shares of the business’s stock in a transaction that occurred on Tuesday, May 19th. The shares were bought at an average price of GBX 17 per share, with a total value of £274.55.

Greggs Price Performance

LON GRG traded down GBX 19.23 during trading hours on Tuesday, reaching GBX 1,705.77. The company’s stock had a trading volume of 480,765 shares, compared to its average volume of 5,562,813. The firm’s 50-day moving average price is GBX 1,590.69 and its 200-day moving average price is GBX 1,611.46. The company has a quick ratio of 0.88, a current ratio of 0.56 and a debt-to-equity ratio of 75.94. Greggs plc has a 1 year low of GBX 1,407.20 and a 1 year high of GBX 2,237.88. The company has a market capitalization of £1.74 billion, a price-to-earnings ratio of 14.30, a PEG ratio of 3.39 and a beta of 1.13.

Greggs (LON:GRG) last posted its quarterly earnings results on Wednesday, March 4th. The company reported GBX 120 EPS for the quarter. Greggs had a return on equity of 20.47% and a net margin of 5.68%. On average, equities research analysts predict that Greggs plc will post 142.3763386 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages have recently issued reports on GRG. Royal Bank Of Canada decreased their price objective on Greggs from GBX 1,970 to GBX 1,830 and set an “outperform” rating on the stock in a report on Tuesday, March 10th. Shore Capital Group reissued a “hold” rating on shares of Greggs in a report on Tuesday, May 12th. JPMorgan Chase & Co. dropped their price target on Greggs from GBX 2,060 to GBX 2,050 and set an “overweight” rating for the company in a research report on Wednesday, March 4th. Berenberg Bank restated a “buy” rating and issued a GBX 2,090 target price on shares of Greggs in a report on Thursday, May 14th. Finally, Deutsche Bank Aktiengesellschaft restated a “sell” rating and issued a GBX 1,330 target price on shares of Greggs in a report on Wednesday, May 13th. Four analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of GBX 1,824.29.

Greggs Company Profile

Greggs is a leading UK food-on-the-go retailer with more than 2,700 shops nationwide and approximately 33,000 employees across the business.

As a food-on-the-go retailer, Greggs specialises in daily fresh shop-made sandwiches, and savouries baked fresh in the shop ovens throughout the day. These are further complemented by popular products and ranges including freshly ground coffee, breakfast, confectionery and evening menu items. Greggs also offers a healthier options range which includes a selection of gluten-free, vegan-friendly and lower calorie products.