Greggs (LON:GRG) Stock Crosses Above 200-Day Moving Average of $2,641.14

Greggs plc (LON:GRG)’s stock price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 2,641.14 ($33.18) and traded as high as GBX 2,760 ($34.67). Greggs shares last traded at GBX 2,722 ($34.19), with a volume of 180,846 shares trading hands.

Analyst Ratings Changes

A number of analysts recently weighed in on GRG shares. Berenberg Bank decreased their target price on shares of Greggs from GBX 3,550 ($44.59) to GBX 3,390 ($42.58) and set a “buy” rating on the stock in a report on Thursday, April 25th. Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 3,450 ($43.34) price target on shares of Greggs in a report on Wednesday, March 20th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of GBX 3,035 ($38.12).

Greggs Trading Up 0.6 %

The stock’s 50 day simple moving average is GBX 2,788.29 and its 200 day simple moving average is GBX 2,641.14. The company has a debt-to-equity ratio of 60.20, a quick ratio of 0.88 and a current ratio of 1.09. The firm has a market cap of £2.76 billion, a PE ratio of 1,958.27, a PEG ratio of 3.39 and a beta of 1.29.

Greggs Increases Dividend

The company also recently announced a dividend, which will be paid on Friday, May 24th. Investors of record on Thursday, April 25th will be paid a GBX 86 ($1.08) dividend. This represents a yield of 3.17%. The ex-dividend date is Thursday, April 25th. This is a boost from Greggs’s previous dividend of $16.00. Greggs’s dividend payout ratio is currently 4,460.43%.

Insider Buying and Selling at Greggs

In other news, insider Roisin Currie bought 65 shares of the business’s stock in a transaction on Thursday, April 11th. The stock was acquired at an average price of GBX 2,766 ($34.74) per share, with a total value of £1,797.90 ($2,258.38). In other Greggs news, insider Roisin Currie bought 65 shares of the firm’s stock in a transaction that occurred on Thursday, April 11th. The shares were bought at an average price of GBX 2,766 ($34.74) per share, for a total transaction of £1,797.90 ($2,258.38). Also, insider Richard Hutton sold 18,005 shares of the business’s stock in a transaction on Tuesday, April 9th. The stock was sold at an average price of GBX 2,758 ($34.64), for a total transaction of £496,577.90 ($623,763.22). Company insiders own 5.82% of the company’s stock.

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.