Greggs (LON:GRG) Stock Price Crosses Above 200-Day Moving Average – Should You Sell?

Greggs plc (LON:GRG)’s stock price passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 1,625.56 and traded as high as GBX 1,643. Greggs shares last traded at GBX 1,639.07, with a volume of 407,872 shares.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the stock. Berenberg Bank cut their price objective on shares of Greggs from GBX 2,640 to GBX 2,170 and set a “buy” rating on the stock in a research report on Thursday, January 8th. JPMorgan Chase & Co. initiated coverage on Greggs in a research note on Friday, December 5th. They set an “overweight” rating and a GBX 2,110 price target on the stock. Four investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of GBX 1,993.33.

Greggs Trading Up 2.0%

The company has a debt-to-equity ratio of 66.19, a quick ratio of 0.88 and a current ratio of 0.80. The company has a 50 day moving average of GBX 1,655.97 and a two-hundred day moving average of GBX 1,625.56. The stock has a market cap of £1.67 billion, a PE ratio of 11.62, a price-to-earnings-growth ratio of 3.39 and a beta of 1.43.

Greggs (LON:GRG) last posted its quarterly earnings data on Friday, January 16th. The company reported GBX 45.60 earnings per share (EPS) for the quarter. Greggs had a net margin of 7.13% and a return on equity of 26.79%. Sell-side analysts anticipate that Greggs plc 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 2,600 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.