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

Greggs plc (LON:GRG)’s stock price passed 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 trading hands.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on GRG shares. Shore Capital reissued a “house stock” rating on shares of Greggs in a research report on Tuesday, May 14th. Royal Bank of Canada reissued an “overweight” rating and issued a GBX 3,335 ($42.18) price objective on shares of Greggs in a research report on Wednesday, May 15th. Jefferies Financial Group restated a “buy” rating and issued a GBX 3,450 ($43.64) price target on shares of Greggs in a research note on Wednesday, March 20th. Finally, Berenberg Bank lowered their price objective on Greggs from GBX 3,390 ($42.88) to GBX 3,340 ($42.25) and set a “buy” rating for the company in a research report on Tuesday, May 14th.

Greggs Stock Up 0.2 %

The company has a debt-to-equity ratio of 60.20, a current ratio of 1.09 and a quick ratio of 0.88. The firm’s 50 day moving average price is GBX 2,818.99 and its two-hundred day moving average price is GBX 2,754.68. The firm has a market cap of £2.85 billion, a price-to-earnings ratio of 2,017.27, a P/E/G ratio of 3.39 and a beta of 1.30.

Insiders Place Their Bets

In related news, insider Richard Hutton sold 18,005 shares of Greggs stock in a transaction on Tuesday, April 9th. The shares were sold at an average price of GBX 2,758 ($34.88), for a total value of £496,577.90 ($628,102.58). In other news, insider Roisin Currie bought 75 shares of the stock in a transaction dated Thursday, June 6th. The shares were acquired at an average price of GBX 1,672 ($21.15) per share, with a total value of £1,254 ($1,586.14). Also, insider Richard Hutton sold 18,005 shares of Greggs stock in a transaction dated Tuesday, April 9th. The shares were sold at an average price of GBX 2,758 ($34.88), for a total transaction of £496,577.90 ($628,102.58). In the last ninety days, insiders purchased 198 shares of company stock valued at $470,258. 5.80% of the stock is 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.