Greggs plc (LON:GRG) Receives GBX 1,900 Average PT from Analysts

Greggs plc (LON:GRG) has been given a consensus recommendation of “Hold” by the eight ratings firms that are currently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is GBX 1,900.

Several analysts have weighed in on GRG shares. JPMorgan Chase & Co. lifted their price objective on Greggs from GBX 2,050 to GBX 2,210 and gave the company an “outperform” rating in a research report on Thursday, July 30th. Berenberg Bank raised their target price on Greggs from GBX 2,090 to GBX 2,200 and gave the company a “buy” rating in a research note on Thursday, July 30th. Deutsche Bank Aktiengesellschaft restated a “sell” rating and set a GBX 1,330 price target on shares of Greggs in a research report on Thursday, July 30th. Jefferies Financial Group increased their price objective on Greggs from GBX 1,610 to GBX 1,740 and gave the stock a “hold” rating in a report on Friday, August 28th. Finally, Royal Bank Of Canada raised their price objective on Greggs from GBX 1,830 to GBX 1,960 and gave the company a “sector perform” rating in a research report on Friday, July 31st.

Greggs Trading Down 0.2%

LON:GRG opened at GBX 1,792 on Thursday. The company has a 50-day moving average price of GBX 1,787.07 and a 200-day moving average price of GBX 1,676.29. The stock has a market cap of £1.83 billion, a price-to-earnings ratio of 13.90, a P/E/G ratio of 3.39 and a beta of 1.16. The company has a current ratio of 0.52, a quick ratio of 0.88 and a debt-to-equity ratio of 74.16. Greggs has a 12 month low of GBX 1,407.20 and a 12 month high of GBX 2,046.

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

Insider Activity

In related news, insider Richard Hutton sold 3,069 shares of Greggs stock in a transaction dated Friday, August 7th. The shares were sold at an average price of GBX 1,926, for a total transaction of £59,108.94. 0.63% of the stock is currently owned by insiders.

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.