Berenberg Bank Trims Greggs (LON:GRG) Target Price to GBX 3,390

Greggs (LON:GRG) had its price target dropped by equities researchers at Berenberg Bank from GBX 3,550 ($43.85) to GBX 3,390 ($41.87) in a report issued on Thursday, MarketBeat reports. The firm presently has a “buy” rating on the stock. Berenberg Bank’s price objective suggests a potential upside of 25.56% from the company’s current price.

Separately, Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 3,450 ($42.61) price target on shares of Greggs in a research report on Wednesday, March 20th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of GBX 3,035 ($37.49).

Greggs Stock Up 0.4 %

Shares of Greggs stock opened at GBX 2,700 ($33.35) on Thursday. The company has a fifty day moving average price of GBX 2,794.53 and a 200 day moving average price of GBX 2,628.88. The company has a current ratio of 1.09, a quick ratio of 0.88 and a debt-to-equity ratio of 60.20. Greggs has a twelve month low of GBX 2,244 ($27.72) and a twelve month high of GBX 2,914 ($35.99). The stock has a market cap of £2.74 billion, a price-to-earnings ratio of 1,942.45, a price-to-earnings-growth ratio of 3.39 and a beta of 1.28.

Insider Buying and Selling at Greggs

In other Greggs news, insider Richard Hutton sold 18,005 shares of the company’s stock in a transaction dated Tuesday, April 9th. The shares were sold at an average price of GBX 2,758 ($34.07), for a total value of £496,577.90 ($613,362.03). In other news, insider Richard Hutton sold 18,005 shares of the company’s stock in a transaction dated Tuesday, April 9th. The shares were sold at an average price of GBX 2,758 ($34.07), for a total value of £496,577.90 ($613,362.03). Also, insider Roisin Currie bought 65 shares of the business’s stock in a transaction dated Thursday, April 11th. The stock was bought at an average price of GBX 2,766 ($34.17) per share, for a total transaction of £1,797.90 ($2,220.73). 5.88% of the stock is currently owned by corporate insiders.

About Greggs

Greggs plc operates as a food-on-the-go retailer in the United Kingdom. It offers a range of fresh bakery products, sandwiches, and drinks. The company sells products to franchise and wholesale partners for sale in their own outlets. It is also involved in the property holding, non-trading, and trustee businesses.