Greggs plc (LON:GRG - Get Free Report) shares reached a new 52-week low on Tuesday . The stock traded as low as GBX 1,900 ($24.48) and last traded at GBX 1,908.87 ($24.60), with a volume of 1585028 shares traded. The stock had previously closed at GBX 2,082 ($26.83).
Analyst Ratings Changes
Separately, Berenberg Bank cut their price target on shares of Greggs from GBX 3,420 ($44.07) to GBX 3,250 ($41.88) and set a "buy" rating for the company in a report on Wednesday.
Check Out Our Latest Report on Greggs
Greggs Trading Up 6.0 %
The business has a 50 day simple moving average of GBX 2,222.34 and a 200 day simple moving average of GBX 2,660.85. The company has a debt-to-equity ratio of 66.19, a current ratio of 0.80 and a quick ratio of 0.88. The company has a market cap of £1.88 billion, a price-to-earnings ratio of 13.85, a price-to-earnings-growth ratio of 3.39 and a beta of 1.43.
Greggs (LON:GRG - Get Free Report) last issued its quarterly earnings results on Tuesday, March 4th. The company reported GBX 150.70 ($1.94) earnings per share (EPS) for the quarter. Greggs had a net margin of 7.13% and a return on equity of 26.79%. As a group, equities analysts forecast that Greggs plc will post 142.3763386 EPS for the current year.
Insider Buying and Selling
In other news, insider Nigel Mills acquired 925 shares of the company's stock in a transaction on Friday, January 10th. The stock was purchased at an average cost of GBX 2,149 ($27.69) per share, with a total value of £19,878.25 ($25,616.30). 5.89% of the stock is currently owned by corporate insiders.
About Greggs
(
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Greggs is a leading UK food-on-the-go retailer with more than 2,400 shops nationwide and approximately 32,000 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.
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