Greggs plc (GRG) Insider Sells £322,341.08 in Stock

Greggs plc (LON:GRG) insider Richard Hutton sold 24,949 shares of Greggs plc stock in a transaction on Thursday, October 5th. The shares were sold at an average price of GBX 1,292 ($17.14), for a total value of £322,341.08 ($427,564.77).

Shares of Greggs plc (LON GRG) opened at 1265.00 on Monday. The firm’s market capitalization is GBX 1.27 billion. The firm has a 50-day moving average price of GBX 1,210.86 and a 200-day moving average price of GBX 1,116.77. Greggs plc has a 1-year low of GBX 891.17 and a 1-year high of GBX 1,304.00.

The company also recently disclosed a dividend, which was paid on Friday, October 6th. Shareholders of record on Thursday, September 7th were given a GBX 10.30 ($0.14) dividend. The ex-dividend date of this dividend was Thursday, September 7th. This represents a yield of 0.92%.

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A number of research analysts recently issued reports on the company. Shore Capital reiterated a “hold” rating on shares of Greggs plc in a report on Wednesday, August 9th. Investec reiterated a “buy” rating and issued a GBX 1,225 ($16.25) target price on shares of Greggs plc in a report on Tuesday, August 1st. Finally, Berenberg Bank upgraded Greggs plc to a “buy” rating and lifted their target price for the company from GBX 1,020 ($13.53) to GBX 1,300 ($17.24) in a report on Thursday, August 10th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of GBX 1,155 ($15.32).

Greggs plc Company Profile

Greggs plc is a United Kingdom-based bakery food on-the-go retailer. The Company’s products and services consist of a range of fresh bakery goods, sandwiches and drinks in its shop. The Company also provides frozen bakery products to its wholesale customers. The Company owns approximately 1,698 shops, 12 regional bakeries, one distribution center and one manufacturing center.

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