Greggs plc (LON:GRG) Given Consensus Recommendation of “Hold” by Brokerages

Greggs plc (LON:GRG) has been assigned an average rating of “Hold” from the seven ratings firms that are presently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is GBX 1,993.33.

A number of equities analysts recently weighed in on the stock. Peel Hunt restated a “hold” rating and set a GBX 1,660 target price on shares of Greggs in a research report on Wednesday, October 1st. Berenberg Bank dropped their price objective on shares of Greggs from GBX 2,640 to GBX 2,170 and set a “buy” rating for the company in a report on Thursday. Shore Capital reaffirmed a “hold” rating on shares of Greggs in a report on Wednesday, October 1st. JPMorgan Chase & Co. started coverage on Greggs in a research report on Friday, December 5th. They issued an “overweight” rating and a GBX 2,110 target price on the stock. Finally, Jefferies Financial Group cut their price target on Greggs from GBX 2,650 to GBX 2,500 and set a “buy” rating for the company in a report on Thursday, October 2nd.

Greggs Trading Down 0.7%

GRG stock opened at GBX 1,646.05 on Friday. The company has a market capitalization of £1.68 billion, a price-to-earnings ratio of 11.67, a PEG ratio of 3.39 and a beta of 1.43. The company has a debt-to-equity ratio of 66.19, a current ratio of 0.80 and a quick ratio of 0.88. Greggs has a 1-year low of GBX 1,407.20 and a 1-year high of GBX 2,266. The business has a 50 day simple moving average of GBX 1,618.35 and a two-hundred day simple moving average of GBX 1,643.90.

Insider Activity at Greggs

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

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. Greggs also offers a healthier options range which includes a selection of gluten-free, vegan-friendly and lower calorie products.