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

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

A number of research analysts have recently commented on the company. Jefferies Financial Group reaffirmed a “hold” rating and set a GBX 1,610 price target on shares of Greggs in a research report on Tuesday, May 12th. 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 report on Tuesday, March 10th. Deutsche Bank Aktiengesellschaft reaffirmed a “sell” rating and set a GBX 1,330 price target on shares of Greggs in a research report on Wednesday, May 13th. Shore Capital Group reaffirmed a “hold” rating on shares of Greggs in a research report on Tuesday, May 12th. Finally, JPMorgan Chase & Co. dropped their price target 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.

Greggs Stock Down 1.3%

Shares of LON GRG opened at GBX 1,670 on Tuesday. Greggs has a one year low of GBX 1,407.20 and a one year high of GBX 2,022. 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 business’s fifty day moving average price is GBX 1,622.11 and its 200-day moving average price is GBX 1,625.10. The stock has a market capitalization of £1.70 billion, a PE ratio of 14.00, a P/E/G ratio of 3.39 and a beta of 1.14.

Insider Activity at Greggs

In other news, insider Richard Smothers purchased 1,615 shares of the company’s stock in a transaction dated Tuesday, May 19th. The shares were purchased at an average price of GBX 17 per share, with a total value of £274.55. 0.62% of the stock is owned by corporate insiders.

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.