Greggs (LON:GRG) Given “Buy” Rating at Berenberg Bank

Greggs (LON:GRG)‘s stock had its “buy” rating reaffirmed by research analysts at Berenberg Bank in a note issued to investors on Thursday,Digital Look reports. They presently have a GBX 2,090 price objective on the stock. Berenberg Bank’s price objective suggests a potential upside of 25.83% from the stock’s current price.

A number of other analysts have also recently weighed in on the company. Royal Bank Of Canada lowered their price target on Greggs from GBX 1,970 to GBX 1,830 and set an “outperform” rating on the stock in a research report on Tuesday, March 10th. Shore Capital Group restated a “hold” rating on shares of Greggs in a research note on Tuesday. UBS Group reaffirmed a “buy” rating and issued a GBX 2,200 target price on shares of Greggs in a report on Monday. Deutsche Bank Aktiengesellschaft reiterated a “sell” rating and set a GBX 1,330 target price on shares of Greggs in a research report on Wednesday. Finally, JPMorgan Chase & Co. cut their price target 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, March 4th. Four equities research 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 data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of GBX 1,824.29.

Greggs Stock Up 0.6%

LON GRG opened at GBX 1,661 on Thursday. Greggs has a 1-year low of GBX 1,407.20 and a 1-year high of GBX 2,237.88. The company has a market capitalization of £1.69 billion, a price-to-earnings ratio of 13.92, a PEG ratio of 3.39 and a beta of 1.13. The stock’s 50 day moving average is GBX 1,586.84 and its two-hundred day moving average is GBX 1,611.25. 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 (LON:GRG) last issued its earnings results on Wednesday, March 4th. The company reported GBX 120 earnings per share (EPS) for the quarter. Greggs had a return on equity of 20.47% and a net margin of 5.68%. Equities analysts forecast that Greggs will post 142.3763386 earnings per share for the current fiscal year.

About Greggs

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.