Greggs (LON:GRG) Share Price Passes Above 200 Day Moving Average of $1,996.07

Greggs plc (LON:GRGGet Rating)’s stock price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 1,996.07 ($23.60) and traded as high as GBX 2,262 ($26.75). Greggs shares last traded at GBX 2,240 ($26.49), with a volume of 205,512 shares.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on GRG. Berenberg Bank cut their price target on Greggs from GBX 3,600 ($42.57) to GBX 3,000 ($35.47) and set a “buy” rating on the stock in a report on Friday, October 28th. Shore Capital reissued a “hold” rating on shares of Greggs in a report on Tuesday, October 4th. Finally, Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a GBX 1,950 ($23.06) price target on shares of Greggs in a report on Wednesday, October 5th.

Greggs Trading Up 1.3 %

The firm has a fifty day moving average of GBX 1,977.90 and a 200-day moving average of GBX 1,997.97. The company has a debt-to-equity ratio of 74.29, a quick ratio of 0.88 and a current ratio of 1.04. The firm has a market cap of £2.35 billion and a P/E ratio of 1,982.52.

Insider Buying and Selling at Greggs

In other Greggs news, insider Roisin Currie bought 15 shares of the business’s stock in a transaction on Wednesday, October 12th. The shares were purchased at an average price of GBX 1,772 ($20.95) per share, with a total value of £265.80 ($314.30).

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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