Roisin Currie Buys 14 Shares of Greggs plc (LON:GRG) Stock

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

Greggs Price Performance

Shares of LON GRG opened at GBX 2,870 ($37.26) on Friday. The company has a market capitalization of £2.91 billion, a PE ratio of 2,141.79, a P/E/G ratio of 3.39 and a beta of 1.43. The company has a quick ratio of 0.88, a current ratio of 0.80 and a debt-to-equity ratio of 66.19. Greggs plc has a twelve month low of GBX 2,264 ($29.39) and a twelve month high of GBX 3,250 ($42.20). The firm has a fifty day simple moving average of GBX 3,052.68 and a 200 day simple moving average of GBX 2,924.13.

Greggs Cuts Dividend

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

Analyst Ratings Changes

Several brokerages have commented on GRG. Berenberg Bank lifted their target price on Greggs from GBX 3,340 ($43.37) to GBX 3,600 ($46.74) and gave the stock a “buy” rating in a report on Wednesday, July 31st. Shore Capital reaffirmed a “hold” rating on shares of Greggs in a research note on Tuesday, September 10th.

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.