Greggs plc (LON:GRG) Receives Consensus Rating of “Hold” from Analysts

Shares of Greggs plc (LON:GRG) have been given a consensus recommendation of “Hold” by the eight brokerages that are covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is GBX 1,900.

A number of analysts have weighed in on GRG shares. UBS Group reissued a “buy” rating and set a GBX 2,200 price objective on shares of Greggs in a report on Monday, May 11th. Shore Capital Group reaffirmed a “hold” rating on shares of Greggs in a research report on Tuesday, May 12th. Berenberg Bank lifted their price target on shares of Greggs from GBX 2,090 to GBX 2,200 and gave the stock a “buy” rating in a research note on Thursday, July 30th. Jefferies Financial Group boosted their price target on shares of Greggs from GBX 1,610 to GBX 1,740 and gave the company a “hold” rating in a research report on Friday. Finally, Royal Bank Of Canada upped their price objective on shares of Greggs from GBX 1,830 to GBX 1,960 and gave the company a “sector perform” rating in a research note on Friday, July 31st.

Insider Activity at Greggs

In other Greggs news, insider Richard Hutton sold 3,069 shares of the company’s stock in a transaction on Friday, August 7th. The shares were sold at an average price of GBX 1,926, for a total transaction of £59,108.94. 0.62% of the stock is owned by company insiders.

Greggs Stock Up 0.4%

Shares of GRG opened at GBX 1,854 on Friday. The company’s 50-day moving average price is GBX 1,723.65 and its 200 day moving average price is GBX 1,654.87. Greggs has a 12-month low of GBX 1,407.20 and a 12-month high of GBX 2,046. The company has a current ratio of 0.52, a quick ratio of 0.88 and a debt-to-equity ratio of 74.16. The firm has a market cap of £1.89 billion, a P/E ratio of 14.38, a price-to-earnings-growth ratio of 3.39 and a beta of 1.16.

Greggs (LON:GRG) last posted its earnings results on Wednesday, July 29th. The company reported GBX 55.10 earnings per share (EPS) for the quarter. Greggs had a return on equity of 20.97% and a net margin of 5.93%. On average, sell-side analysts forecast that Greggs will post 142.3763386 earnings per share for the current year.

Greggs Company Profile

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.