Greggs (LON:GRG) PT Lowered to GBX 3,390

Greggs (LON:GRG) had its price target lowered by stock analysts at Berenberg Bank from GBX 3,550 ($43.85) to GBX 3,390 ($41.87) in a research report issued to clients and investors on Thursday, Marketbeat reports. The brokerage currently has a “buy” rating on the stock. Berenberg Bank’s target price indicates a potential upside of 25.56% from the company’s previous close.

Separately, Jefferies Financial Group restated a “buy” rating and set a GBX 3,450 ($42.61) target price on shares of Greggs in a report on Wednesday, March 20th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of GBX 3,035 ($37.49).

Greggs Trading Up 0.4 %

Shares of Greggs stock opened at GBX 2,700 ($33.35) on Thursday. The stock has a market cap of £2.74 billion, a P/E ratio of 1,942.45, a P/E/G ratio of 3.39 and a beta of 1.28. The stock’s 50 day simple moving average is GBX 2,794.53 and its 200-day simple moving average is GBX 2,628.88. Greggs has a 1-year low of GBX 2,244 ($27.72) and a 1-year high of GBX 2,914 ($35.99). The company has a debt-to-equity ratio of 60.20, a current ratio of 1.09 and a quick ratio of 0.88.

Insider Activity at Greggs

In related news, insider Richard Hutton sold 18,005 shares of the company’s stock in a transaction that occurred on Tuesday, April 9th. The stock was sold at an average price of GBX 2,758 ($34.07), for a total value of £496,577.90 ($613,362.03). In related news, insider Richard Hutton sold 18,005 shares of the company’s stock in a transaction that occurred on Tuesday, April 9th. The stock was sold at an average price of GBX 2,758 ($34.07), for a total value of £496,577.90 ($613,362.03). Also, insider Roisin Currie purchased 65 shares of the firm’s stock in a transaction on Thursday, April 11th. The shares were purchased at an average price of GBX 2,766 ($34.17) per share, for a total transaction of £1,797.90 ($2,220.73). 5.88% of the stock is currently owned by insiders.

Greggs Company Profile

Greggs plc operates as a food-on-the-go retailer in the United Kingdom. It offers a range of fresh bakery products, sandwiches, and drinks. The company sells products to franchise and wholesale partners for sale in their own outlets. It is also involved in the property holding, non-trading, and trustee businesses.