Key Points
- Greggs insider Richard Hutton sold 3,069 shares at an average price of GBX 1,926, generating approximately £59,109 in proceeds.
- Greggs reported quarterly EPS of GBX 55.10, with a 5.93% net margin and 20.97% return on equity. Analysts expect full-year EPS of approximately GBX 142.38.
- Analyst sentiment remains mixed, with three Buy, four Hold, and one Sell rating; the consensus rating is Hold with an average target price of GBX 1,881.43.
Greggs plc (LON:GRG - Get Free Report) insider Richard Hutton sold 3,069 shares of the firm's stock in a transaction that occurred on Friday, August 7th. The stock was sold at an average price of GBX 1,926, for a total value of £59,108.94.
Greggs Price Performance
Shares of LON GRG opened at GBX 1,904.63 on Tuesday. The company has a current ratio of 0.52, a quick ratio of 0.88 and a debt-to-equity ratio of 74.16. Greggs plc has a twelve month low of GBX 1,407.20 and a twelve month high of GBX 2,046. The stock has a 50 day moving average of GBX 1,675.31 and a two-hundred day moving average of GBX 1,636.25. The stock has a market cap of £1.94 billion, a P/E ratio of 14.78, a P/E/G ratio of 3.39 and a beta of 1.16.
Greggs (LON:GRG - Get Free Report) last announced its earnings results on Wednesday, July 29th. The company reported GBX 55.10 earnings per share (EPS) for the quarter. Greggs had a net margin of 5.93% and a return on equity of 20.97%. On average, research analysts forecast that Greggs plc will post 142.3763386 earnings per share for the current year.
Analyst Ratings Changes
Several brokerages have issued reports on GRG. Shore Capital Group reissued a "hold" rating on shares of Greggs in a research report on Tuesday, May 12th. Jefferies Financial Group reaffirmed a "hold" rating and issued a GBX 1,610 target price on shares of Greggs in a report on Wednesday, July 29th. JPMorgan Chase & Co. increased their target price on shares of Greggs from GBX 2,050 to GBX 2,210 and gave the stock an "outperform" rating in a research note on Thursday, July 30th. Deutsche Bank Aktiengesellschaft reissued a "sell" rating and set a GBX 1,330 price target on shares of Greggs in a report on Thursday, July 30th. Finally, Royal Bank Of Canada boosted their price target on Greggs from GBX 1,830 to GBX 1,960 and gave the company a "sector perform" rating in a research report on Friday, July 31st. Three investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of GBX 1,881.43.
View Our Latest Analysis on GRG
About Greggs
(
Get Free Report)
Greggs is a leading UK food-on-the-go retailer with more than 2,700 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. Greggs also offers a healthier options range which includes a selection of gluten-free, vegan-friendly and lower calorie products.
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