Analysts Set Greggs plc (LON:GRG) Target Price at GBX 2,071.67

Greggs plc (LON:GRG) has been given an average recommendation of “Hold” by the seven analysts that are currently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company. The average 1-year target price among analysts that have covered the stock in the last year is GBX 2,071.67.

GRG has been the subject of a number of research reports. Jefferies Financial Group dropped their price target on Greggs from GBX 2,650 to GBX 2,500 and set a “buy” rating for the company in a research note on Thursday, October 2nd. JPMorgan Chase & Co. started coverage on Greggs in a research report on Friday, December 5th. They set an “overweight” rating and a GBX 2,110 target price for the company. Shore Capital reissued a “hold” rating on shares of Greggs in a report on Wednesday, October 1st. Berenberg Bank decreased their price target on shares of Greggs from GBX 3,060 to GBX 2,640 and set a “buy” rating on the stock in a research note on Thursday, October 2nd. Finally, Peel Hunt reiterated a “hold” rating and set a GBX 1,660 price objective on shares of Greggs in a research report on Wednesday, October 1st.

Insider Buying and Selling

In related news, insider Richard Hutton sold 7,438 shares of the stock in a transaction on Tuesday, November 4th. The stock was sold at an average price of GBX 1,571, for a total transaction of £116,850.98. Corporate insiders own 0.57% of the company’s stock.

Greggs Trading Up 0.2%

Shares of Greggs stock opened at GBX 1,737 on Tuesday. Greggs has a twelve month low of GBX 1,407.20 and a twelve month high of GBX 2,890. The company has a quick ratio of 0.88, a current ratio of 0.80 and a debt-to-equity ratio of 66.19. The business has a 50-day moving average price of GBX 1,607.78 and a 200-day moving average price of GBX 1,674.93. The firm has a market cap of £1.77 billion, a price-to-earnings ratio of 12.31, a PEG ratio of 3.39 and a beta of 1.43.

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.