Greggs (LON:GRG) Downgraded by Jefferies Financial Group to Hold

Jefferies Financial Group lowered shares of Greggs (LON:GRG) to a hold rating in a report issued on Monday morning, Marketbeat Ratings reports. Jefferies Financial Group currently has GBX 1,610 target price on the stock, down from their prior target price of GBX 2,500.

A number of other analysts have also weighed in on GRG. JPMorgan Chase & Co. initiated coverage on shares of Greggs in a report on Friday, December 5th. They set an “overweight” rating and a GBX 2,110 target price on the stock. Berenberg Bank reduced their price target on shares of Greggs from GBX 2,640 to GBX 2,170 and set a “buy” rating for the company in a research report on Thursday, January 8th. Three analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of GBX 1,845.

Greggs Stock Performance

LON:GRG opened at GBX 1,680 on Monday. The business’s fifty day moving average is GBX 1,666.85 and its 200 day moving average is GBX 1,623.90. The firm has a market cap of £1.71 billion, a price-to-earnings ratio of 11.91, a PEG ratio of 3.39 and a beta of 1.43. 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 1,407.20 and a 52-week high of GBX 2,237.88.

Greggs (LON:GRG) last posted its earnings results on Friday, January 16th. The company reported GBX 45.60 earnings per share for the quarter. Greggs had a return on equity of 26.79% and a net margin of 7.13%. Research analysts predict that Greggs will post 142.3763386 EPS for the current year.

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