Greggs plc (LON:GRG) Given Average Rating of “Hold” by Brokerages

Shares of Greggs plc (LON:GRG) have earned a consensus recommendation of “Hold” from the eight brokerages that are covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is GBX 1,824.29.

A number of research analysts have recently commented on GRG shares. Shore Capital Group reiterated a “hold” rating on shares of Greggs in a report on Tuesday, May 12th. Royal Bank Of Canada cut their price target on Greggs from GBX 1,970 to GBX 1,830 and set an “outperform” rating for the company in a report on Tuesday, March 10th. JPMorgan Chase & Co. cut their price target on Greggs from GBX 2,060 to GBX 2,050 and set an “overweight” rating for the company in a report on Wednesday, March 4th. Deutsche Bank Aktiengesellschaft reiterated a “sell” rating and set a GBX 1,330 price target on shares of Greggs in a report on Wednesday, May 13th. Finally, UBS Group reiterated a “buy” rating and set a GBX 2,200 price target on shares of Greggs in a report on Monday, May 11th.

Insider Activity at Greggs

In other Greggs news, insider Richard Smothers purchased 1,615 shares of the business’s stock in a transaction dated Tuesday, May 19th. The stock was bought at an average cost of GBX 17 per share, for a total transaction of £274.55. 0.62% of the stock is currently owned by company insiders.

Greggs Stock Down 2.0%

Shares of Greggs stock opened at GBX 1,657 on Tuesday. The stock has a market capitalization of £1.69 billion, a P/E ratio of 13.89, a PEG ratio of 3.39 and a beta of 1.14. The company has a quick ratio of 0.88, a current ratio of 0.56 and a debt-to-equity ratio of 75.94. The stock has a 50 day moving average price of GBX 1,639.09 and a two-hundred day moving average price of GBX 1,633.45. Greggs has a 12-month low of GBX 1,407.20 and a 12-month high of GBX 1,982.

About Greggs

Greggs is a leading UK food-on-the-go retailer with more than 2,700 shops nationwide and approximately 33,000 employees across the business.

As a food-on-the-go retailer, Greggs specialises in daily fresh shop-made sandwiches, and savouries baked fresh in the shop ovens throughout the day. These are further complemented by popular products and ranges including freshly ground coffee, breakfast, confectionery and evening menu items. Greggs also offers a healthier options range which includes a selection of gluten-free, vegan-friendly and lower calorie products.