Greggs (LON:GRG) Insider Buys £274.55 in Stock

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

Greggs Stock Down 1.1%

Shares of LON GRG traded down GBX 19.23 during trading on Tuesday, hitting GBX 1,705.77. The stock had a trading volume of 480,765 shares, compared to its average volume of 5,562,813. Greggs plc has a 12 month low of GBX 1,407.20 and a 12 month high of GBX 2,237.88. The company has a debt-to-equity ratio of 75.94, a current ratio of 0.56 and a quick ratio of 0.88. The company has a market capitalization of £1.74 billion, a PE ratio of 14.30, a PEG ratio of 3.39 and a beta of 1.13. The firm has a fifty day moving average of GBX 1,590.69 and a two-hundred day moving average of GBX 1,611.46.

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

Analysts Set New Price Targets

A number of analysts recently commented on GRG shares. Deutsche Bank Aktiengesellschaft reaffirmed a “sell” rating and issued a GBX 1,330 price target on shares of Greggs in a research note on Wednesday, May 13th. Shore Capital Group reiterated a “hold” rating on shares of Greggs in a report on Tuesday, May 12th. Jefferies Financial Group reiterated a “hold” rating and issued a GBX 1,610 price objective on shares of Greggs in a report on Tuesday, May 12th. Royal Bank Of Canada reduced their price objective on Greggs from GBX 1,970 to GBX 1,830 and set an “outperform” rating for the company in a report on Tuesday, March 10th. Finally, UBS Group restated a “buy” rating and set a GBX 2,200 price target on shares of Greggs in a research note on Monday, May 11th. Four analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price 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.