Jefferies Financial Group Reaffirms “Hold” Rating for Greggs (LON:GRG)

Greggs (LON:GRG)‘s stock had its “hold” rating reaffirmed by research analysts at Jefferies Financial Group in a research report issued to clients and investors on Wednesday,Digital Look reports. They currently have a GBX 1,610 target price on the stock. Jefferies Financial Group’s price objective would suggest a potential downside of 14.99% from the stock’s current price.

Other research analysts have also recently issued reports about the company. Deutsche Bank Aktiengesellschaft reiterated a “sell” rating and issued a GBX 1,330 price objective on shares of Greggs in a report on Wednesday, May 13th. Shore Capital Group restated a “hold” rating on shares of Greggs in a research report on Tuesday, May 12th. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 2,090 price target on shares of Greggs in a research note on Thursday, May 14th. Finally, UBS Group reiterated a “buy” rating and set a GBX 2,200 price target on shares of Greggs in a report on Monday, May 11th. Four analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of GBX 1,824.29.

Greggs Price Performance

Greggs stock opened at GBX 1,894 on Wednesday. The company has a current ratio of 0.56, a quick ratio of 0.88 and a debt-to-equity ratio of 75.94. The company has a 50-day moving average price of GBX 1,635.24 and a 200 day moving average price of GBX 1,618.12. Greggs has a 12-month low of GBX 1,407.20 and a 12-month high of GBX 1,899. The stock has a market cap of £1.93 billion, a P/E ratio of 15.88, a PEG ratio of 3.39 and a beta of 1.15.

Greggs (LON:GRG) last posted its quarterly earnings results on Wednesday, July 29th. The company reported GBX 55.10 earnings per share for the quarter. Greggs had a net margin of 5.68% and a return on equity of 20.47%. Sell-side analysts anticipate that Greggs will post 142.3763386 earnings per share for the current year.

Insider Activity at Greggs

In related news, insider Richard Smothers acquired 1,615 shares of the firm’s stock in a transaction dated Tuesday, May 19th. The shares were purchased at an average cost of GBX 17 per share, for a total transaction of £274.55. Corporate insiders own 0.62% of the company’s stock.

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.