Greggs plc (LON:GRG) Insider Roisin Currie Purchases 14 Shares

Greggs plc (LON:GRG) insider Roisin Currie acquired 14 shares of the firm’s stock in a transaction that occurred on Wednesday, October 23rd. The stock was acquired at an average price of GBX 2,886 ($37.47) per share, for a total transaction of £404.04 ($524.59).

Greggs Stock Performance

GRG remained flat at GBX 2,878 ($37.37) during trading hours on Thursday. 291,188 shares of the company traded hands, compared to its average volume of 266,865. The stock has a market cap of £2.92 billion, a price-to-earnings ratio of 2,145.17, a P/E/G ratio of 3.39 and a beta of 1.43. 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 quick ratio of 0.88 and a current ratio of 0.80. The stock’s 50-day moving average price is GBX 3,061.23 and its 200 day moving average price is GBX 2,923.04.

Greggs Cuts Dividend

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

Analysts Set New Price Targets

GRG has been the subject of several research analyst reports. Berenberg Bank increased their target price on shares of Greggs from GBX 3,340 ($43.37) to GBX 3,600 ($46.74) and gave the stock a “buy” rating in a research note on Wednesday, July 31st. Shore Capital reaffirmed a “hold” rating on shares of Greggs in a research note 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.