Greggs’ (GRG) Sell Rating Reiterated at Deutsche Bank Aktiengesellschaft

Greggs (LON:GRG)‘s stock had its “sell” rating restated by Deutsche Bank Aktiengesellschaft in a research note issued to investors on Wednesday,London Stock Exchange reports. They currently have a GBX 1,330 price target on the stock. Deutsche Bank Aktiengesellschaft’s price target points to a potential downside of 18.75% from the stock’s current price.

Several other equities analysts have also recently issued reports on GRG. Jefferies Financial Group reiterated a “hold” rating and issued a GBX 1,610 price target on shares of Greggs in a report on Tuesday. Shore Capital Group reiterated a “hold” rating on shares of Greggs in a research report on Tuesday. UBS Group reaffirmed a “buy” rating and issued a GBX 2,200 price objective on shares of Greggs in a research note on Monday. Royal Bank Of Canada decreased their price objective on 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. Finally, JPMorgan Chase & Co. lowered their price target on Greggs from GBX 2,060 to GBX 2,050 and set an “overweight” rating for the company in a report on Wednesday, March 4th. Four analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Greggs currently has a consensus rating of “Hold” and a consensus target price of GBX 1,835.71.

Greggs Trading Down 0.4%

Shares of GRG stock opened at GBX 1,637 on Wednesday. Greggs has a 12 month low of GBX 1,407.20 and a 12 month high of GBX 2,237.88. The company has a market cap of £1.67 billion, a PE ratio of 13.72, a price-to-earnings-growth ratio of 3.39 and a beta of 1.13. The company has a quick ratio of 0.88, a current ratio of 0.56 and a debt-to-equity ratio of 75.94. The business’s 50 day moving average is GBX 1,584.97 and its two-hundred day moving average is GBX 1,611.67.

Greggs (LON:GRG) last posted its quarterly earnings data 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 analysts predict that Greggs will post 142.3763386 EPS 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.