Greggs (LON:GRG) Receives “Hold” Rating from Jefferies Financial Group

Greggs (LON:GRG)‘s stock had its “hold” rating reiterated by equities research analysts at Jefferies Financial Group in a research report issued to clients and investors on Tuesday,Digital Look reports. They presently have a GBX 1,610 price objective on the stock. Jefferies Financial Group’s target price points to a potential upside of 1.65% from the stock’s previous close.

A number of other analysts have also issued reports on GRG. Royal Bank Of Canada dropped their price target on shares of Greggs from GBX 1,970 to GBX 1,830 and set an “outperform” rating for the company in a research note on Tuesday, March 10th. JPMorgan Chase & Co. dropped 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 research note on Wednesday, March 4th. Finally, UBS Group restated a “buy” rating and issued a GBX 2,200 price target on shares of Greggs in a research note on Monday. Four analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Greggs currently has an average rating of “Hold” and a consensus price target of GBX 1,835.71.

Greggs Trading Up 4.1%

LON GRG opened at GBX 1,583.79 on Tuesday. 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 company’s fifty day simple moving average is GBX 1,583.71 and its 200-day simple moving average is GBX 1,612.12. The stock has a market cap of £1.61 billion, a P/E ratio of 13.28, a PEG ratio of 3.39 and a beta of 1.13. 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 issued its quarterly earnings results on Wednesday, March 4th. The company reported GBX 120 earnings per share (EPS) for the quarter. Greggs had a net margin of 5.68% and a return on equity of 20.47%. Equities research analysts predict that Greggs will post 142.3763386 EPS for the current fiscal year.

About Greggs

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.