Greggs plc (LON:GRG) Receives Average Rating of “Hold” from Brokerages

Shares of Greggs plc (LON:GRG) have earned an average rating of “Hold” from the seven ratings firms that are presently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is GBX 1,845.

Several equities research analysts recently weighed in on the company. Berenberg Bank dropped their target price on Greggs from GBX 2,640 to GBX 2,170 and set a “buy” rating for the company in a report on Thursday, January 8th. JPMorgan Chase & Co. initiated coverage on shares of Greggs in a 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 Greggs to a “hold” rating and cut their target price for the stock from GBX 2,500 to GBX 1,610 in a research note on Monday, February 9th.

Greggs Stock Down 0.5%

Shares of GRG opened at GBX 1,580.85 on Friday. Greggs has a 1 year low of GBX 1,407.20 and a 1 year high of GBX 2,237.88. The company has a debt-to-equity ratio of 66.19, a current ratio of 0.80 and a quick ratio of 0.88. The stock has a 50 day simple moving average of GBX 1,646.61 and a two-hundred day simple moving average of GBX 1,621.35. The firm has a market cap of £1.61 billion, a P/E ratio of 11.20, a P/E/G ratio of 3.39 and a beta of 1.43.

Greggs (LON:GRG) last announced its quarterly earnings data on Friday, January 16th. The company reported GBX 45.60 earnings per share for the quarter. Greggs had a net margin of 7.13% and a return on equity of 26.79%. On average, analysts forecast that Greggs will post 142.3763386 earnings per share for the current fiscal year.

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.