Greggs plc (LON:GRG)’s share price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 2,674.38 ($34.94) and traded as high as GBX 3,071 ($40.12). Greggs shares last traded at GBX 3,065 ($40.04), with a volume of 177,113 shares trading hands.
GRG has been the subject of a number of recent analyst reports. Berenberg Bank upped their target price on Greggs from GBX 2,950 ($38.54) to GBX 3,300 ($43.11) and gave the company a “buy” rating in a report on Friday, August 6th. Shore Capital reaffirmed a “sell” rating on shares of Greggs in a research note on Tuesday, October 5th. Finally, Barclays upped their price target on Greggs from GBX 3,055 ($39.91) to GBX 3,340 ($43.64) and gave the stock an “overweight” rating in a research note on Wednesday, October 6th.
The company has a market capitalization of £3.12 billion and a PE ratio of 36.66. The company has a 50 day moving average of GBX 2,995.80 and a two-hundred day moving average of GBX 2,674.38. The company has a debt-to-equity ratio of 75.08, a current ratio of 1.06 and a quick ratio of 0.91.
About Greggs (LON:GRG)
Greggs plc operates as a bakery food-on-the-go retailer in the United Kingdom. It offers a range of fresh and frozen bakery products, sandwiches, and drinks. The company sells its products through its shops in travel, leisure, and work-centered catchments; and franchised shops operated by partners in travel and other convenience locations.
Featured Article: What factors cause inflation to rise?
Receive News & Ratings for Greggs Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Greggs and related companies with MarketBeat.com's FREE daily email newsletter.