Greggs plc (LON:GRG) Given Consensus Rating of “Hold” by Brokerages

Shares of Greggs plc (LON:GRG) have received an average recommendation of “Hold” from the seven analysts that are currently covering the firm, Marketbeat reports. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is GBX 1,835.

A number of research analysts have issued reports on GRG shares. JPMorgan Chase & Co. dropped their target price on shares of Greggs from GBX 2,060 to GBX 2,050 and set an “overweight” rating for the company in a report on Wednesday. Jefferies Financial Group downgraded Greggs to a “hold” rating and dropped their price objective for the company from GBX 2,500 to GBX 1,610 in a research note on Monday, February 9th. Finally, Berenberg Bank reduced their price objective on Greggs from GBX 2,640 to GBX 2,170 and set a “buy” rating for the company in a report on Thursday, January 8th.

Greggs Price Performance

Shares of LON GRG opened at GBX 1,690 on Friday. The firm has a market capitalization of £1.72 billion, a P/E ratio of 11.98, a PEG ratio of 3.39 and a beta of 1.28. Greggs has a one year low of GBX 1,407.20 and a one year high of GBX 2,237.88. The company’s fifty day moving average is GBX 1,641.63 and its two-hundred day moving average is GBX 1,621.74. The company has a debt-to-equity ratio of 75.94, a quick ratio of 0.88 and a current ratio of 0.56.

Greggs (LON:GRG) last announced 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%. Analysts forecast 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 2,600 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.