Greggs (LON:GRG) Sets New 1-Year Low – Here’s What Happened

by · The Cerbat Gem

Greggs plc (LON:GRG – Get Free Report)’s share price hit a new 52-week low on Monday . The company traded as low as GBX 1,416 and last traded at GBX 1,418, with a volume of 1382944 shares changing hands. The stock had previously closed at GBX 1,450.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. Royal Bank Of Canada dropped their target price on shares of Greggs from GBX 2,350 to GBX 2,190 and set an “outperform” rating on the stock in a report on Thursday, October 2nd. Shore Capital restated a “hold” rating on shares of Greggs in a research note on Wednesday, October 1st. Jefferies Financial Group lowered their target price on Greggs from GBX 2,650 to GBX 2,500 and set a “buy” rating on the stock in a report on Thursday, October 2nd. Peel Hunt reissued a “hold” rating and issued a GBX 1,660 target price on shares of Greggs in a research report on Wednesday, October 1st. Finally, Berenberg Bank reduced their price target on shares of Greggs from GBX 3,060 to GBX 2,640 and set a “buy” rating for the company in a research report on Thursday, October 2nd. Three analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of GBX 2,064.

Get Our Latest Analysis on GRG

Greggs Trading Up 6.2%

The stock has a 50-day moving average price of GBX 1,598.17 and a two-hundred day moving average price of GBX 1,717.73. The stock has a market capitalization of £1.59 billion, a PE ratio of 11.06, a PEG ratio of 3.39 and a beta of 1.43. The company has a debt-to-equity ratio of 66.19, a quick ratio of 0.88 and a current ratio of 0.80.

Insider Buying and Selling at Greggs

In other news, insider Richard Hutton sold 7,438 shares of the stock in a transaction on Tuesday, November 4th. The shares were sold at an average price of GBX 1,571, for a total value of £116,850.98. 0.56% of the stock is currently owned by insiders.

Greggs Company Profile

(Get Free Report)

Greggs is a leading UK food-on-the-go retailer with more than 2,600 shops nationwide and approximately 33,000 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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