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

Shares of Greggs plc (LON:GRG) have earned an average recommendation of “Hold” from the seven research firms that are currently covering the stock, MarketBeat.com reports. One equities research 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 objective among brokerages that have updated their coverage on the stock in the last year is GBX 1,993.33.

Several research firms have issued reports on GRG. Berenberg Bank cut their target price on Greggs from GBX 2,640 to GBX 2,170 and set a “buy” rating on the stock in a research note on Thursday, January 8th. JPMorgan Chase & Co. began coverage on shares of Greggs in a report on Friday, December 5th. They issued an “overweight” rating and a GBX 2,110 price target on the stock.

Greggs Stock Performance

Shares of LON:GRG opened at GBX 1,621 on Wednesday. The firm has a 50 day moving average of GBX 1,658.99 and a 200 day moving average of GBX 1,624.82. 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 company has a market capitalization of £1.65 billion, a price-to-earnings ratio of 11.49, a price-to-earnings-growth ratio of 3.39 and a beta of 1.43. 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 announced its quarterly earnings results on Friday, January 16th. The company reported GBX 45.60 earnings per share (EPS) for the quarter. Greggs had a return on equity of 26.79% and a net margin of 7.13%. On average, sell-side analysts predict that Greggs will post 142.3763386 earnings per share for the current fiscal 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.