Greggs plc (LON:GRG) Insider Buys £654.41 in Stock

Greggs plc (LON:GRGGet Rating) insider Roisin Currie bought 31 shares of the firm’s stock in a transaction that occurred on Tuesday, May 10th. The stock was purchased at an average cost of GBX 2,111 ($26.03) per share, with a total value of £654.41 ($806.82).

Roisin Currie also recently made the following trade(s):

  • On Monday, April 11th, Roisin Currie bought 98 shares of Greggs stock. The stock was purchased at an average cost of GBX 2,410 ($29.71) per share, with a total value of £2,361.80 ($2,911.85).

Greggs stock opened at GBX 2,170 ($26.75) on Friday. Greggs plc has a twelve month low of GBX 2,025.44 ($24.97) and a twelve month high of GBX 3,443 ($42.45). The stock has a 50 day moving average of GBX 2,359.70 and a two-hundred day moving average of GBX 2,714.43. The company has a current ratio of 1.29, a quick ratio of 1.12 and a debt-to-equity ratio of 65.98. The stock has a market capitalization of £2.21 billion and a price-to-earnings ratio of 18.99.

The firm also recently declared a dividend, which will be paid on Wednesday, June 8th. Stockholders of record on Thursday, May 12th will be issued a GBX 42 ($0.52) dividend. This is a boost from Greggs’s previous dividend of $40.00. This represents a dividend yield of 1.82%. The ex-dividend date is Thursday, May 12th. Greggs’s dividend payout ratio (DPR) is currently 0.13%.

A number of brokerages recently issued reports on GRG. Barclays decreased their target price on Greggs from GBX 3,340 ($41.18) to GBX 2,900 ($35.75) and set an “overweight” rating for the company in a research report on Wednesday, March 9th. Shore Capital reaffirmed a “sell” rating on shares of Greggs in a research report on Tuesday, March 8th. Finally, Berenberg Bank reaffirmed a “buy” rating and set a GBX 3,600 ($44.38) price objective on shares of Greggs in a research report on Thursday, March 31st.

About Greggs (Get Rating)

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 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.

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