Greggs plc (LON:GRG) Receives Consensus Recommendation of “Hold” from Brokerages

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

GRG has been the topic of a number of research analyst reports. Royal Bank Of Canada reduced their target price on Greggs from GBX 1,970 to GBX 1,830 and set an “outperform” rating on the stock in a report on Tuesday, March 10th. Deutsche Bank Aktiengesellschaft reiterated a “sell” rating and set a GBX 1,330 target price on shares of Greggs in a report on Wednesday, May 13th. UBS Group reiterated a “buy” rating and set a GBX 2,200 target price on shares of Greggs in a report on Monday, May 11th. JPMorgan Chase & Co. reduced their target price on Greggs from GBX 2,060 to GBX 2,050 and set an “overweight” rating on the stock in a report on Wednesday, March 4th. Finally, Berenberg Bank reiterated a “buy” rating and set a GBX 2,090 target price on shares of Greggs in a report on Thursday, May 14th.

Insider Buying and Selling at Greggs

In related news, insider Richard Smothers purchased 1,615 shares of the business’s stock in a transaction that occurred on Tuesday, May 19th. The shares were bought at an average price of GBX 17 per share, for a total transaction of £274.55. Company insiders own 0.57% of the company’s stock.

Greggs Trading Up 0.9%

GRG opened at GBX 1,705.77 on Friday. Greggs has a one year low of GBX 1,407.20 and a one year high of GBX 2,237.88. The business has a 50 day simple moving average of GBX 1,591.28 and a two-hundred day simple moving average of GBX 1,611.70. The company has a debt-to-equity ratio of 75.94, a current ratio of 0.56 and a quick ratio of 0.88. The firm has a market capitalization of £1.74 billion, a price-to-earnings ratio of 14.30, a PEG ratio of 3.39 and a beta of 1.13.

Greggs (LON:GRG) last posted its earnings results on Wednesday, March 4th. The company reported GBX 120 earnings per share for the quarter. Greggs had a return on equity of 20.47% and a net margin of 5.68%. 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.