Greggs (LON:GRG) Rating Lowered to Hold at Jefferies Financial Group

Greggs (LON:GRG) was downgraded by stock analysts at Jefferies Financial Group to a “hold” rating in a research report issued to clients and investors on Monday, Marketbeat Ratings reports. They currently have a GBX 1,610 price objective on the stock, down from their prior price objective of GBX 2,500. Jefferies Financial Group’s price target indicates a potential downside of 1.65% from the company’s previous close.

Other equities analysts also recently issued reports about the company. Berenberg Bank reduced their price target on 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 report on Friday, December 5th. They set an “overweight” rating and a GBX 2,110 target price on the stock. Three research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Greggs has a consensus rating of “Hold” and a consensus price target of GBX 1,845.

Greggs Stock Performance

GRG stock opened at GBX 1,637 on Monday. Greggs has a one year low of GBX 1,407.20 and a one year high of GBX 2,237.88. The firm has a market cap of £1.67 billion, a price-to-earnings ratio of 11.60, a PEG ratio of 3.39 and a beta of 1.43. 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 firm has a 50-day simple moving average of GBX 1,667 and a two-hundred day simple moving average of GBX 1,623.45.

Greggs (LON:GRG) last posted its quarterly earnings data on Friday, January 16th. The company reported GBX 45.60 EPS for the quarter. Greggs had a net margin of 7.13% and a return on equity of 26.79%. On average, equities analysts forecast that Greggs will post 142.3763386 EPS for the current fiscal year.

Greggs Company Profile

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.