Greggs plc (LON:GRG) insider Richard Hutton purchased 760 shares of Greggs stock in a transaction dated Thursday, March 28th. The stock was bought at an average price of GBX 1,813 ($23.69) per share, with a total value of £13,778.80 ($18,004.44).
Richard Hutton also recently made the following trade(s):
- On Tuesday, April 9th, Richard Hutton sold 7,195 shares of Greggs stock. The stock was sold at an average price of GBX 1,824 ($23.83), for a total transaction of £131,236.80 ($171,484.12).
- On Friday, March 22nd, Richard Hutton sold 1,150 shares of Greggs stock. The stock was sold at an average price of GBX 1,861 ($24.32), for a total transaction of £21,401.50 ($27,964.85).
Greggs stock traded down GBX 10 ($0.13) during trading hours on Monday, reaching GBX 1,813 ($23.69). 159,705 shares of the stock were exchanged, compared to its average volume of 278,094. The company has a market capitalization of $1.82 billion and a price-to-earnings ratio of 28.11. Greggs plc has a twelve month low of GBX 939 ($12.27) and a twelve month high of GBX 1,892 ($24.72).
Several research firms have issued reports on GRG. Peel Hunt upped their price target on shares of Greggs from GBX 1,300 ($16.99) to GBX 1,500 ($19.60) and gave the stock a “hold” rating in a research report on Wednesday, January 9th. Shore Capital restated a “hold” rating on shares of Greggs in a research note on Wednesday, January 9th. UBS Group upped their price target on shares of Greggs from GBX 1,400 ($18.29) to GBX 1,500 ($19.60) and gave the company a “buy” rating in a research note on Wednesday, January 9th. HSBC restated a “buy” rating and issued a GBX 1,600 ($20.91) price target on shares of Greggs in a research note on Tuesday, February 12th. Finally, Canaccord Genuity upped their price target on shares of Greggs from GBX 1,470 ($19.21) to GBX 1,730 ($22.61) and gave the company a “hold” rating in a research note on Tuesday, February 19th. Seven analysts have rated the stock with a hold rating, Greggs currently has an average rating of “Hold” and a consensus target price of GBX 1,592.50 ($20.81).
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Greggs Company Profile
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, drinks, snacks, small cakes and muffins, breakfast products, and sweet bakery treats, as well as porridges, salads, and soups. The company sells its products through its shops in travel, leisure, and work-centered catchments; and franchised stores in motorway service stations and petrol forecourts.
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