Greggs (LON:GRG) Given “Reduce” Rating at Peel Hunt
Peel Hunt restated their reduce rating on shares of Greggs (LON:GRG) in a research report sent to investors on Monday morning, ThisIsMoney.Co.Uk reports.
A number of other brokerages have also recently commented on GRG. Barclays lifted their target price on Greggs from GBX 1,610 ($21.04) to GBX 1,760 ($23.00) and gave the stock an equal weight rating in a report on Tuesday, October 22nd. UBS Group reiterated a buy rating and issued a GBX 2,300 ($30.05) target price on shares of Greggs in a report on Tuesday, October 1st. Peel Hunt reiterated a reduce rating and issued a GBX 2,000 ($26.13) target price on shares of Greggs in a report on Thursday, October 3rd. Canaccord Genuity reiterated a hold rating and issued a GBX 2,050 ($26.79) target price on shares of Greggs in a report on Tuesday, October 1st. Finally, Shore Capital reiterated a hold rating on shares of Greggs in a report on Tuesday, October 1st. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company’s stock. Greggs currently has an average rating of Hold and a consensus target price of GBX 1,991.43 ($26.02).
Shares of Greggs stock opened at GBX 2,058 ($26.89) on Monday. The stock has a market cap of $2.08 billion and a price-to-earnings ratio of 27.66. The company has a debt-to-equity ratio of 82.57, a quick ratio of 0.61 and a current ratio of 0.74. The stock has a 50 day moving average price of GBX 1,860.58 and a 200-day moving average price of GBX 2,064.06. Greggs has a one year low of GBX 1,170 ($15.29) and a one year high of GBX 2,496 ($32.61).
Greggs Company Profile
Greggs plc operates as a bakery food-on-the-go retailer in the United Kingdom. It offers a range of fresh and frozen bakery products, sandwiches, drinks, snacks, small cakes and muffins, breakfast products, and sweet bakery treats, as well as porridges, salads, and soups. The company sells its products through its shops in travel, leisure, and work-centered catchments; and franchised stores in motorway service stations and petrol forecourts.
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