Greggs (LON:GRG) Given Hold Rating at Peel Hunt

Peel Hunt restated their hold rating on shares of Greggs (LON:GRG) in a research note issued to investors on Wednesday morning, Marketbeat.com reports. The brokerage currently has a GBX 1,660 target price on the stock.

GRG has been the topic of a number of other research reports. Berenberg Bank lifted their target price on Greggs from GBX 3,040 to GBX 3,060 and gave the company a “buy” rating in a research report on Wednesday, July 30th. Shore Capital reiterated a “hold” rating on shares of Greggs in a report on Wednesday. Finally, Deutsche Bank Aktiengesellschaft reissued a “sell” rating and issued a GBX 1,330 price objective on shares of Greggs in a research report on Wednesday, July 30th. One investment analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of GBX 2,016.67.

Greggs Stock Performance

GRG opened at GBX 1,712.29 on Wednesday. The company has a market capitalization of £1.74 billion, a price-to-earnings ratio of 1,213.53, a P/E/G ratio of 3.39 and a beta of 1.43. The business’s 50-day moving average price is GBX 1,601.22 and its two-hundred day moving average price is GBX 1,772.11. Greggs has a 1 year low of GBX 1,499 and a 1 year high of GBX 2,980. The company has a debt-to-equity ratio of 66.19, a current ratio of 0.80 and a quick ratio of 0.88.

Insider Activity

In related news, insider Matthew Davies acquired 1,249 shares of the business’s stock in a transaction dated Wednesday, August 20th. The stock was bought at an average price of GBX 1,600 per share, with a total value of £19,984. 0.56% of the stock is currently owned by corporate insiders.

Greggs Company Profile

Greggs is a leading UK food-on-the-go retailer with more than 2,600 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.