Greggs (LON:GRG) Issues Earnings Results

Greggs (LON:GRG) released its quarterly earnings data on Wednesday. The company reported GBX 120 EPS for the quarter, Digital Look Earnings reports. Greggs had a net margin of 6.96% and a return on equity of 25.41%.

Greggs Price Performance

Shares of LON:GRG opened at GBX 1,667 on Thursday. The firm’s 50 day moving average is GBX 1,641.77 and its two-hundred day moving average is GBX 1,621.36. The firm has a market capitalization of £1.70 billion, a P/E ratio of 11.81, a PEG ratio of 3.39 and a beta of 1.31. The company has a current ratio of 0.49, a quick ratio of 0.88 and a debt-to-equity ratio of 79.33. Greggs has a 52 week low of GBX 1,407.20 and a 52 week high of GBX 2,237.88.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on GRG shares. JPMorgan Chase & Co. decreased their price target on shares of Greggs from GBX 2,060 to GBX 2,050 and set an “overweight” rating for the company in a report on Wednesday. Berenberg Bank cut 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 report on Thursday, January 8th. Finally, Jefferies Financial Group lowered Greggs to a “hold” rating and lowered their target price for the company from GBX 2,500 to GBX 1,610 in a report on Monday, February 9th. Three research 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. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of GBX 1,835.

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.