Brokerages Set Greggs plc (LON:GRG) Price Target at GBX 1,824.29

Shares of Greggs plc (LON:GRG) have earned an average rating of “Hold” from the eight ratings firms that are presently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is GBX 1,824.29.

Several brokerages recently issued reports on GRG. Shore Capital Group reissued a “hold” rating on shares of Greggs in a research note on Tuesday, May 12th. Deutsche Bank Aktiengesellschaft reaffirmed a “sell” rating and issued a GBX 1,330 target price on shares of Greggs in a research note on Wednesday, May 13th. Berenberg Bank reiterated a “buy” rating and issued a GBX 2,090 price target on shares of Greggs in a report on Thursday, May 14th. Jefferies Financial Group reissued a “hold” rating and set a GBX 1,610 price target on shares of Greggs in a research note on Tuesday, May 12th. Finally, UBS Group restated a “buy” rating and set a GBX 2,200 price objective on shares of Greggs in a report on Monday, May 11th.

Insider Transactions at Greggs

In other Greggs news, insider Richard Smothers purchased 1,615 shares of the firm’s stock in a transaction on Tuesday, May 19th. The shares were purchased at an average cost of GBX 17 per share, with a total value of £274.55. Insiders own 0.62% of the company’s stock.

Greggs Trading Down 0.2%

Greggs stock opened at GBX 1,506.25 on Friday. The stock has a 50-day moving average price of GBX 1,636.67 and a 200 day moving average price of GBX 1,629.06. Greggs has a 52 week low of GBX 1,407.20 and a 52 week high of GBX 1,856. The stock has a market cap of £1.54 billion, a PE ratio of 12.63, a P/E/G ratio of 3.39 and a beta of 1.15. The company has a current ratio of 0.56, a quick ratio of 0.88 and a debt-to-equity ratio of 75.94.

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.