Greggs plc (LON:GRG) Given Average Recommendation of “Hold” by Analysts

Shares of Greggs plc (LON:GRG) have received an average recommendation of “Hold” from the six analysts that are covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, two have given a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is GBX 2,064.

Several equities analysts recently commented on GRG shares. Jefferies Financial Group reduced their target price on shares of Greggs from GBX 2,650 to GBX 2,500 and set a “buy” rating on the stock in a report on Thursday, October 2nd. Berenberg Bank lowered their price objective on shares of Greggs from GBX 3,060 to GBX 2,640 and set a “buy” rating for the company in a research note on Thursday, October 2nd. Shore Capital reaffirmed a “hold” rating on shares of Greggs in a research note on Wednesday, October 1st. Deutsche Bank Aktiengesellschaft reaffirmed a “sell” rating and set a GBX 1,330 price objective on shares of Greggs in a research note on Wednesday, July 30th. Finally, Royal Bank Of Canada lowered their price objective on shares of Greggs from GBX 2,350 to GBX 2,190 and set an “outperform” rating for the company in a research note on Thursday, October 2nd.

Insider Buying and Selling at Greggs

In related news, insider Matthew Davies bought 1,249 shares of the business’s stock in a transaction dated Wednesday, August 20th. The shares were purchased at an average price of GBX 1,600 per share, with a total value of £19,984. Insiders own 0.56% of the company’s stock.

Greggs Price Performance

GRG stock opened at GBX 1,706 on Monday. The company has a debt-to-equity ratio of 66.19, a quick ratio of 0.88 and a current ratio of 0.80. Greggs has a 52 week low of GBX 1,499 and a 52 week high of GBX 2,898. The firm’s fifty day moving average is GBX 1,617.31 and its 200 day moving average is GBX 1,758.16. The firm has a market cap of £1.74 billion, a P/E ratio of 12.09, a P/E/G ratio of 3.39 and a beta of 1.43.

About Greggs

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.