Greggs’ (GRG) Hold Rating Reiterated at Jefferies Financial Group

Jefferies Financial Group restated their hold rating on shares of Greggs (LON:GRG) in a report published on Tuesday morning, MarketBeat Ratings reports. The firm currently has a GBX 1,610 price objective on the stock.

Other equities research analysts also recently issued research reports about the stock. Berenberg Bank reduced their price objective on shares of Greggs from GBX 2,640 to GBX 2,170 and set a “buy” rating for the company in a report on Thursday, January 8th. Royal Bank Of Canada reduced their price target on shares of Greggs from GBX 1,970 to GBX 1,830 and set an “outperform” rating for the company in a research note on Tuesday, March 10th. Finally, JPMorgan Chase & Co. reduced their price target on shares of Greggs from GBX 2,060 to GBX 2,050 and set an “overweight” rating for the company in a research note on Wednesday, March 4th. Three investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Greggs currently has a consensus rating of “Hold” and a consensus target price of GBX 1,775.

Greggs Stock Up 1.2%

Greggs stock opened at GBX 1,641.87 on Tuesday. The company has a 50-day simple moving average of GBX 1,592.88 and a 200-day simple moving average of GBX 1,621.18. The firm has a market capitalization of £1.67 billion, a P/E ratio of 13.76, a P/E/G ratio of 3.39 and a beta of 1.17. The company has a debt-to-equity ratio of 75.94, a quick ratio of 0.88 and a current ratio of 0.56. Greggs has a one year low of GBX 1,407.20 and a one year high of GBX 2,237.88.

Greggs (LON:GRG) last released its quarterly earnings results on Wednesday, March 4th. The company reported GBX 120 EPS for the quarter. Greggs had a net margin of 5.68% and a return on equity of 20.47%. As a group, equities analysts expect that Greggs will post 142.3763386 earnings per share for the current year.

Greggs Company Profile

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.