Greggs plc (LON:GRG) Receives Average Recommendation of “Hold” from Brokerages

Greggs plc (LON:GRG) has earned an average recommendation of “Hold” from the eight ratings firms that are currently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and four have given a buy recommendation to the company. The average 1 year price target among analysts that have covered the stock in the last year is GBX 1,824.29.

GRG has been the topic of several research reports. UBS Group reiterated a “buy” rating and set a GBX 2,200 price objective on shares of Greggs in a report on Monday, May 11th. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 2,090 target price on shares of Greggs in a research report on Thursday, May 14th. Royal Bank Of Canada dropped their price target on Greggs from GBX 1,970 to GBX 1,830 and set an “outperform” rating on the stock in a research note on Tuesday, March 10th. Deutsche Bank Aktiengesellschaft reissued a “sell” rating and issued a GBX 1,330 price objective on shares of Greggs in a research note on Wednesday, May 13th. Finally, Jefferies Financial Group restated a “hold” rating and set a GBX 1,610 price objective on shares of Greggs in a report on Tuesday, May 12th.

Greggs Stock Up 0.1%

Shares of LON GRG opened at GBX 1,592 on Friday. The company has a quick ratio of 0.88, a current ratio of 0.56 and a debt-to-equity ratio of 75.94. The firm has a market cap of £1.62 billion, a PE ratio of 13.34, a P/E/G ratio of 3.39 and a beta of 1.14. The company’s fifty day simple moving average is GBX 1,643.02 and its 200 day simple moving average is GBX 1,633.73. Greggs has a 12-month low of GBX 1,407.20 and a 12-month high of GBX 1,856.

Insider Transactions at Greggs

In other Greggs news, insider Richard Smothers purchased 1,615 shares of the firm’s stock in a transaction on Tuesday, May 19th. The stock was acquired at an average price of GBX 17 per share, for a total transaction of £274.55. 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.