Greggs plc (LON:GRG) Stock Now Rated “Hold” by Sell-Side Analysts

Greggs plc (LON:GRG) has received an average rating of “Hold” from the seven analysts that are currently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is GBX 1,962.86.

A number of equities analysts recently weighed in on the company. 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 report on Friday, July 31st. Shore Capital Group reiterated a “hold” rating and set a GBX 1,910 price target on shares of Greggs in a research report on Wednesday, September 30th. Jefferies Financial Group raised their price objective on Greggs from GBX 1,610 to GBX 1,740 and gave the company a “hold” rating in a report on Friday, August 28th. JPMorgan Chase & Co. raised their price objective on Greggs from GBX 2,050 to GBX 2,210 and gave the company an “outperform” rating in a report on Thursday, July 30th. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on Greggs from GBX 1,330 to GBX 1,420 and gave the company a “sell” rating in a research report on Wednesday, September 30th.

Insider Activity

In related news, insider Richard Hutton sold 3,069 shares of Greggs stock in a transaction on Friday, August 7th. The shares were sold at an average price of GBX 1,926, for a total value of £59,108.94. 0.63% of the stock is owned by company insiders.

Greggs Trading Up 0.9%

Shares of Greggs stock opened at GBX 2,309.68 on Monday. The firm has a 50-day simple moving average of GBX 1,897.94 and a two-hundred day simple moving average of GBX 1,735.99. The company has a market cap of £2.35 billion, a P/E ratio of 17.92, a price-to-earnings-growth ratio of 3.39 and a beta of 1.16. Greggs has a fifty-two week low of GBX 1,407.20 and a fifty-two week high of GBX 2,324. The company has a debt-to-equity ratio of 74.16, a quick ratio of 0.88 and a current ratio of 0.52.

Greggs (LON:GRG) last posted its earnings results on Wednesday, July 29th. The company reported GBX 55.10 earnings per share (EPS) for the quarter. Greggs had a net margin of 5.93% and a return on equity of 20.97%. As a group, equities analysts predict that Greggs will post 142.38 earnings per share for the current fiscal 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.