Greggs (LON:GRG) Given New GBX 1,830 Price Target at Royal Bank Of Canada

Greggs (LON:GRG) had its price target lowered by Royal Bank Of Canada from GBX 1,970 to GBX 1,830 in a research note issued to investors on Tuesday, MarketBeat.com reports. Royal Bank Of Canada currently has an outperform rating on the stock.

Several other analysts have also weighed in on the stock. JPMorgan Chase & Co. lowered their target price on shares of Greggs from GBX 2,060 to GBX 2,050 and set an “overweight” rating for the company in a research note on Wednesday, March 4th. Berenberg Bank reduced their price target 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, Jefferies Financial Group lowered shares of Greggs to a “hold” rating and decreased their price target for the company from GBX 2,500 to GBX 1,610 in a report on Monday, February 9th. Three analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of GBX 1,775.

Greggs Price Performance

Shares of GRG opened at GBX 1,663 on Tuesday. 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 current ratio of 0.56, a quick ratio of 0.88 and a debt-to-equity ratio of 75.94. The firm has a market cap of £1.69 billion, a price-to-earnings ratio of 11.79, a PEG ratio of 3.39 and a beta of 1.28. The stock has a 50 day moving average of GBX 1,640.61 and a 200-day moving average of GBX 1,623.36.

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