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

Shares of Greggs plc (LON:GRG) have received a consensus recommendation of “Hold” from the seven brokerages that are presently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is GBX 2,071.67.

GRG has been the topic of a number of recent analyst reports. Jefferies Financial Group decreased their target price on Greggs from GBX 2,650 to GBX 2,500 and set a “buy” rating on the stock in a report on Thursday, October 2nd. Shore Capital reaffirmed a “hold” rating on shares of Greggs in a research report on Wednesday, October 1st. Berenberg Bank dropped their price objective on shares of Greggs from GBX 3,060 to GBX 2,640 and set a “buy” rating on the stock in a research report on Thursday, October 2nd. Royal Bank Of Canada cut their target price 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. Finally, Peel Hunt reiterated a “hold” rating and issued a GBX 1,660 price target on shares of Greggs in a research note on Wednesday, October 1st.

Insider Activity at Greggs

In related news, insider Richard Hutton sold 7,438 shares of Greggs stock in a transaction that occurred on Tuesday, November 4th. The stock was sold at an average price of GBX 1,571, for a total transaction of £116,850.98. Insiders own 0.57% of the company’s stock.

Greggs Price Performance

Shares of LON GRG opened at GBX 1,675 on Tuesday. The company has a quick ratio of 0.88, a current ratio of 0.80 and a debt-to-equity ratio of 66.19. The business’s 50 day moving average price is GBX 1,604.56 and its two-hundred day moving average price is GBX 1,676.42. The company has a market cap of £1.71 billion, a PE ratio of 11.87, a price-to-earnings-growth ratio of 3.39 and a beta of 1.43. Greggs has a twelve month low of GBX 1,407.20 and a twelve month high of GBX 2,890.

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.