Greggs (LON:GRG) Insider Sells £59,108.94 in Stock

Greggs plc (LON:GRG) insider Richard Hutton sold 3,069 shares of the firm’s stock in a transaction on Friday, August 7th. The stock was sold at an average price of GBX 1,926, for a total value of £59,108.94.

Greggs Stock Performance

Shares of GRG opened at GBX 1,847 on Thursday. The firm has a market capitalization of £1.88 billion, a P/E ratio of 14.33, a PEG ratio of 3.39 and a beta of 1.16. The company has a debt-to-equity ratio of 74.16, a current ratio of 0.52 and a quick ratio of 0.88. Greggs plc has a one year low of GBX 1,407.20 and a one year high of GBX 2,046. The business has a fifty day moving average of GBX 1,683.58 and a 200 day moving average of GBX 1,639.13.

Greggs (LON:GRG) last posted its earnings results on Wednesday, July 29th. The company reported GBX 55.10 earnings per share for the quarter. Greggs had a return on equity of 20.97% and a net margin of 5.93%. As a group, sell-side analysts anticipate that Greggs plc will post 142.3763386 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on GRG shares. Royal Bank Of Canada increased their price objective on shares of Greggs from GBX 1,830 to GBX 1,960 and gave the stock a “sector perform” rating in a research note on Friday, July 31st. UBS Group restated a “buy” rating and set a GBX 2,200 target price on shares of Greggs in a research report on Monday, May 11th. Jefferies Financial Group reaffirmed a “hold” rating and set a GBX 1,610 target price on shares of Greggs in a report on Wednesday, July 29th. Deutsche Bank Aktiengesellschaft reiterated a “sell” rating and issued a GBX 1,330 price target on shares of Greggs in a research report on Thursday, July 30th. Finally, Berenberg Bank lifted their price target on shares of Greggs from GBX 2,090 to GBX 2,200 and gave the stock a “buy” rating in a research note on Thursday, July 30th. Three research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Greggs presently has an average rating of “Hold” and a consensus price target of GBX 1,881.43.

About Greggs

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.