Greggs plc (LON:GRG) Given Consensus Rating of “Hold” by Analysts

Greggs plc (LON:GRG) has been assigned a consensus rating of “Hold” from the eight research firms that are presently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, three have given a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is GBX 1,824.29.

A number of brokerages recently weighed in on GRG. Jefferies Financial Group restated a “hold” rating and set a GBX 1,610 price objective on shares of Greggs in a research note on Tuesday, May 12th. Royal Bank Of Canada decreased their price objective on Greggs from GBX 1,970 to GBX 1,830 and set an “outperform” rating for the company in a research note on Tuesday, March 10th. JPMorgan Chase & Co. reduced their target price on Greggs from GBX 2,060 to GBX 2,050 and set an “overweight” rating on the stock in a research report on Wednesday, March 4th. Shore Capital Group reaffirmed a “hold” rating on shares of Greggs in a research report on Tuesday, May 12th. Finally, Berenberg Bank reaffirmed a “buy” rating and set a GBX 2,090 target price on shares of Greggs in a research report on Thursday, May 14th.

Insider Transactions at Greggs

In other Greggs news, insider Richard Smothers bought 1,615 shares of Greggs stock in a transaction that occurred on Tuesday, May 19th. The shares were bought at an average cost of GBX 17 per share, with a total value of £274.55. 0.62% of the stock is owned by corporate insiders.

Greggs Trading Down 1.3%

Shares of LON GRG opened at GBX 1,670 on Tuesday. The company has a debt-to-equity ratio of 75.94, a current ratio of 0.56 and a quick ratio of 0.88. The stock has a market capitalization of £1.70 billion, a P/E ratio of 14.00, a price-to-earnings-growth ratio of 3.39 and a beta of 1.14. Greggs has a 1-year low of GBX 1,407.20 and a 1-year high of GBX 2,022. The business has a fifty day moving average price of GBX 1,622.11 and a 200 day moving average price of GBX 1,625.10.

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.