Greggs plc (LON:GRG) Stock Now Rated “Hold” by Sell-Side Brokerages

Shares of Greggs plc (LON:GRG) have received a consensus recommendation of “Hold” from the seven research firms that are covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, three have given a hold recommendation and three have issued a buy recommendation on the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is GBX 1,962.86.

Several brokerages have issued reports on GRG. JPMorgan Chase & Co. increased their price target on Greggs from GBX 2,050 to GBX 2,210 and gave the stock an “outperform” rating in a report on Thursday, July 30th. Jefferies Financial Group boosted their price objective on Greggs from GBX 1,610 to GBX 1,740 and gave the company a “hold” rating in a report on Friday, August 28th. Shore Capital Group reaffirmed a “hold” rating and set a GBX 1,910 target price on shares of Greggs in a research report on Wednesday, September 30th. Royal Bank Of Canada increased their target price on Greggs from GBX 1,830 to GBX 1,960 and gave the stock a “sector perform” rating in a report on Friday, July 31st. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on shares of Greggs from GBX 1,330 to GBX 1,420 and gave the company a “sell” rating in a research report on Wednesday, September 30th.

Greggs Trading Up 0.1%

Shares of GRG stock opened at GBX 2,332 on Friday. Greggs has a 1-year low of GBX 1,407.20 and a 1-year high of GBX 2,414. 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 stock has a market cap of £2.38 billion, a price-to-earnings ratio of 18.09, a PEG ratio of 3.39 and a beta of 1.16. The stock has a 50-day moving average of GBX 2,058.41 and a 200-day moving average of GBX 1,757.70.

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.