Greggs (LON:GRG) Given New GBX 2,300 Price Target at Berenberg Bank

Greggs (LON:GRG) had its price objective increased by Berenberg Bank from GBX 2,200 to GBX 2,300 in a report released on Thursday,Digital Look reports. They currently have a buy rating on the stock.

GRG has been the subject of a number of other reports. Shore Capital Group restated a “hold” rating and set a GBX 1,910 price target on shares of Greggs in a report on Wednesday. JPMorgan Chase & Co. lifted their price objective on Greggs from GBX 2,050 to GBX 2,210 and gave the stock an “outperform” rating in a research note on Thursday, July 30th. Deutsche Bank Aktiengesellschaft reissued a “sell” rating and set a GBX 1,330 price objective on shares of Greggs in a research report on Thursday, July 30th. Jefferies Financial Group increased their target price on Greggs from GBX 1,610 to GBX 1,740 and gave the company a “hold” rating in a research note on Friday, August 28th. Finally, Royal Bank Of Canada raised their target price on Greggs from GBX 1,830 to GBX 1,960 and gave the company a “sector perform” rating in a report on Friday, July 31st. Three equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Greggs has an average rating of “Hold” and an average price target of GBX 1,962.86.

Greggs Price Performance

LON GRG opened at GBX 1,988 on Thursday. Greggs has a 1 year low of GBX 1,407.20 and a 1 year high of GBX 2,058. The company has a fifty day simple moving average of GBX 1,839.81 and a 200 day simple moving average of GBX 1,690.70. The company has a current ratio of 0.52, a quick ratio of 0.88 and a debt-to-equity ratio of 74.16. The company has a market cap of £2.03 billion, a P/E ratio of 15.42, a P/E/G ratio of 3.39 and a beta of 1.16.

Greggs (LON:GRG) last announced its earnings results on Wednesday, July 29th. The company reported GBX 55.10 EPS for the quarter. Greggs had a net margin of 5.93% and a return on equity of 20.97%. On average, sell-side analysts predict that Greggs will post 142.3763386 EPS for the current year.

Insider Buying and Selling at Greggs

In related news, insider Richard Hutton sold 3,069 shares of Greggs stock in a transaction dated Friday, August 7th. The stock was sold at an average price of GBX 1,926, for a total transaction of £59,108.94. Insiders own 0.63% of the company’s stock.

Key Greggs News

Here are the key news stories impacting Greggs this week:

• Positive Sentiment: Greggs reported 7.7% third-quarter sales growth and raised its profit outlook, citing improved trading. The update reinforces confidence in demand and is the main fundamental reason investors remain constructive. Greggs Reports 7.7% Q3 Sales Growth and Proposes Manufacturing Restructuring
• Positive Sentiment: Berenberg raised its price target from GBX 2,200 to GBX 2,300 and retained a buy rating, implying further upside based on Greggs’ sales momentum and earnings outlook. Shares round-up: why Greggs and Liontrust are big winners
• Positive Sentiment: Greggs is highlighted as a London share to watch in the fourth quarter, suggesting the improved outlook and resilient customer demand could keep the company in focus with investors. Q4 London Shares to Watch
• Neutral Sentiment: Shore Capital reaffirmed its hold rating and set a GBX 1,910 target, indicating that the recent rally may already reflect much of the improved outlook. Shore Capital Greggs Rating
• Negative Sentiment: Deutsche Bank lifted its target from GBX 1,330 to GBX 1,420 but maintained a sell rating. The target remains well below recent trading levels, signaling valuation concerns despite the positive earnings update. Deutsche Bank Forecast for Greggs
• Negative Sentiment: Manufacturing restructuring and ongoing cost pressures introduce execution risks and could weigh on margins, prompting at least one market view to downgrade Greggs to hold above £20 per share. Greggs Cost Pressures and Hold Downgrade

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.