Analysts Set Greggs plc (LON:GRG) PT at GBX 1,881.43

Greggs plc (LON:GRG) has received an average rating of “Hold” from the eight research firms that are presently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and three have given a buy recommendation to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is GBX 1,881.43.

Several brokerages have commented on GRG. Berenberg Bank raised their price objective on shares of Greggs from GBX 2,090 to GBX 2,200 and gave the stock a “buy” rating in a report on Thursday, July 30th. UBS Group reissued a “buy” rating and issued a GBX 2,200 target price on shares of Greggs in a research report on Monday, May 11th. Deutsche Bank Aktiengesellschaft restated a “sell” rating and issued a GBX 1,330 target price on shares of Greggs in a research note on Thursday, July 30th. JPMorgan Chase & Co. lifted their price target on Greggs from GBX 2,050 to GBX 2,210 and gave the company an “outperform” rating in a research report on Thursday, July 30th. Finally, Royal Bank Of Canada upped their price target on Greggs from GBX 1,830 to GBX 1,960 and gave the stock a “sector perform” rating in a research note on Friday, July 31st.

Insider Activity at Greggs

In other news, insider Richard Hutton sold 3,069 shares of the business’s stock in a transaction on Friday, August 7th. The shares were sold at an average price of GBX 1,926, for a total transaction of £59,108.94. Company insiders own 0.62% of the company’s stock.

Greggs Trading Up 0.3%

LON:GRG opened at GBX 1,882 on Friday. The company has a 50-day moving average price of GBX 1,709.42 and a 200-day moving average price of GBX 1,650.97. Greggs has a 12 month low of GBX 1,407.20 and a 12 month high of GBX 2,046. The company has a current ratio of 0.52, a quick ratio of 0.88 and a debt-to-equity ratio of 74.16. The stock has a market cap of £1.92 billion, a price-to-earnings ratio of 14.60, a P/E/G ratio of 3.39 and a beta of 1.16.

Greggs (LON:GRG) last announced its earnings results on Wednesday, July 29th. The company reported GBX 55.10 earnings per share for the quarter. Greggs had a net margin of 5.93% and a return on equity of 20.97%. 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.