Greggs (LON:GRG) Trading Up 0.8% - Here's What Happened

Greggs plc (LON:GRG - Get Free Report) was up 0.8% during trading on Monday . The company traded as high as GBX 2,800 ($35.77) and last traded at GBX 2,780 ($35.52). 146,386 shares traded hands during mid-day trading, a decline of 45% from the average daily volume of 264,863 shares. The stock had previously closed at GBX 2,758 ($35.24).

Wall Street Analysts Forecast Growth

Separately, Shore Capital reaffirmed a "hold" rating on shares of Greggs in a report on Tuesday, September 10th.

Greggs Trading Up 0.3 %

The firm has a market cap of £2.83 billion, a PE ratio of 2,080.60, a P/E/G ratio of 3.39 and a beta of 1.43. The company's fifty day moving average price is GBX 2,777.96 and its two-hundred day moving average price is GBX 2,912.51. The company has a quick ratio of 0.88, a current ratio of 0.80 and a debt-to-equity ratio of 66.19.

Insider Activity

In related news, insider Roisin Currie acquired 14 shares of the firm's stock in a transaction that occurred on Wednesday, October 23rd. The shares were purchased at an average price of GBX 2,886 ($36.87) per share, with a total value of £404.04 ($516.21). Also, insider Richard Hutton sold 65,000 shares of the business's stock in a transaction dated Tuesday, October 8th. The stock was sold at an average price of GBX 2,851 ($36.43), for a total transaction of £1,853,150 ($2,367,637.66). Insiders own 5.89% 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.