Greggs (LON:GRG) Receives “Hold” Rating from Jefferies Financial Group

Jefferies Financial Group reaffirmed their hold rating on shares of Greggs (LON:GRG) in a research report sent to investors on Tuesday, MarketBeat.com reports. Jefferies Financial Group currently has a GBX 1,610 price target on the stock.

GRG has been the topic of a number of other research reports. JPMorgan Chase & Co. decreased their target price on shares of Greggs from GBX 2,060 to GBX 2,050 and set an “overweight” rating on the stock in a research report on Wednesday, March 4th. Berenberg Bank decreased their target price on shares of Greggs from GBX 2,640 to GBX 2,170 and set a “buy” rating on the stock in a research report on Thursday, January 8th. Finally, Royal Bank Of Canada decreased their target price on shares of Greggs from GBX 1,970 to GBX 1,830 and set an “outperform” rating on the stock in a research report on Tuesday, March 10th. Three investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of GBX 1,775.

Greggs Price Performance

Shares of LON:GRG opened at GBX 1,657.50 on Tuesday. The stock has a market cap of £1.69 billion, a PE ratio of 13.89, a PEG ratio of 3.39 and a beta of 1.17. The company’s fifty day moving average is GBX 1,595.01 and its 200 day moving average is GBX 1,620.96. Greggs has a 52 week low of GBX 1,407.20 and a 52 week high of GBX 2,237.88. The company has a quick ratio of 0.88, a current ratio of 0.56 and a debt-to-equity ratio of 75.94.

Greggs (LON:GRG) last issued its earnings results on Wednesday, March 4th. The company reported GBX 120 EPS for the quarter. Greggs had a net margin of 5.68% and a return on equity of 20.47%. Research analysts anticipate that Greggs will post 142.3763386 earnings per share for the current year.

About Greggs

Greggs is a leading UK food-on-the-go retailer with more than 2,700 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.