Greggs plc (LON:GRG - Get Free Report) dropped 14.5% on Thursday . The stock traded as low as GBX 2,210 ($27.19) and last traded at GBX 2,246.25 ($27.64). Approximately 1,652,230 shares changed hands during trading, an increase of 316% from the average daily volume of 397,330 shares. The stock had previously closed at GBX 2,626 ($32.31).
Greggs Trading Down 14.5 %
The stock's fifty day moving average price is GBX 2,737.99 and its 200 day moving average price is GBX 2,898.07. The stock has a market cap of £2.28 billion, a P/E ratio of 1,676.30, a PEG ratio of 3.39 and a beta of 1.43. The company has a current ratio of 0.80, a quick ratio of 0.88 and a debt-to-equity ratio of 66.19.
Insider Activity at Greggs
In other Greggs news, insider Roisin Currie acquired 14 shares of Greggs stock in a transaction that occurred on Wednesday, October 23rd. The stock was bought at an average cost of GBX 2,886 ($35.51) per share, for a total transaction of £404.04 ($497.16). 5.89% of the stock is currently owned by insiders.
About Greggs
(
Get Free Report)
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.
Further Reading
Before you consider Greggs, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Greggs wasn't on the list.
While Greggs currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Which stocks are likely to thrive in today's challenging market? Click the link below and we'll send you MarketBeat's list of ten stocks that will drive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
