Greggs (LON:GRG) Stock Price Up 0.8% – Here’s Why

Shares of Greggs plc (LON:GRG) rose 0.8% during trading on Monday . The stock traded as high as GBX 2,800 ($35.69) and last traded at GBX 2,780 ($35.44). Approximately 146,386 shares traded hands during trading, a decline of 45% from the average daily volume of 264,863 shares. The stock had previously closed at GBX 2,758 ($35.16).

Wall Street Analyst Weigh In

Separately, Shore Capital reissued a “hold” rating on shares of Greggs in a report on Tuesday, September 10th.

Greggs Trading Up 0.8 %

The stock has a market cap of £2.82 billion, a P/E ratio of 2,074.63, a price-to-earnings-growth ratio of 3.39 and a beta of 1.43. The firm’s 50 day simple moving average is GBX 2,784.08 and its two-hundred day simple moving average is GBX 2,912.90. 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 at Greggs

In other news, insider Roisin Currie acquired 14 shares of the business’s stock in a transaction that occurred on Wednesday, October 23rd. The shares were purchased at an average cost of GBX 2,886 ($36.79) per share, for a total transaction of £404.04 ($515.03). Also, insider Richard Hutton sold 65,000 shares of the business’s stock in a transaction dated Tuesday, October 8th. The shares were sold at an average price of GBX 2,851 ($36.34), for a total transaction of £1,853,150 ($2,362,205.23). Insiders own 5.89% of the company’s stock.

Greggs Company Profile

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.