Greggs plc (LON:GRG - Get Free Report) dropped 12.6% on Tuesday . The stock traded as low as GBX 1,784 ($22.99) and last traded at GBX 1,819.88 ($23.45). Approximately 2,270,916 shares were traded during trading, an increase of 87% from the average daily volume of 1,211,945 shares. The stock had previously closed at GBX 2,082 ($26.83).
Analyst Ratings Changes
Separately, Berenberg Bank decreased their price objective on 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.
View Our Latest Research Report on Greggs
Greggs Trading Up 6.0 %
The stock's fifty day simple moving average is GBX 2,222.34 and its two-hundred day simple moving average is GBX 2,660.85. The firm has a market cap of £1.88 billion, a PE ratio of 13.85, a PEG 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 (LON:GRG - Get Free Report) last posted its quarterly earnings results on Tuesday, March 4th. The company reported GBX 150.70 ($1.94) earnings per share for the quarter. Greggs had a return on equity of 26.79% and a net margin of 7.13%. On average, sell-side analysts forecast that Greggs plc will post 142.3763386 EPS for the current fiscal year.
Insider Activity
In other news, insider Nigel Mills bought 925 shares of the company's stock in a transaction dated Friday, January 10th. The shares were purchased at an average price of GBX 2,149 ($27.69) per share, for a total transaction of £19,878.25 ($25,616.30). Corporate insiders own 5.89% of the company's stock.
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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