Greggs (LON:GRG) Price Target Lowered to GBX 1,830 at Royal Bank Of Canada

Greggs (LON:GRG) had its price target decreased by research analysts at Royal Bank Of Canada from GBX 1,970 to GBX 1,830 in a research report issued on Tuesday,Digital Look reports. The brokerage presently has an “outperform” rating on the stock. Royal Bank Of Canada’s target price would suggest a potential upside of 9.45% from the stock’s previous close.

A number of other analysts also recently commented on the stock. JPMorgan Chase & Co. dropped their target price on shares of Greggs from GBX 2,060 to GBX 2,050 and set an “overweight” rating on the stock in a report on Wednesday, March 4th. Jefferies Financial Group lowered shares of Greggs to a “hold” rating and decreased their price objective for the stock from GBX 2,500 to GBX 1,610 in a research note on Monday, February 9th. Finally, Berenberg Bank decreased their target price on Greggs from GBX 2,640 to GBX 2,170 and set a “buy” rating for the company in a research report on Thursday, January 8th. Three analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of GBX 1,775.

Greggs Stock Up 0.6%

Shares of Greggs stock opened at GBX 1,672 on Tuesday. Greggs has a twelve month low of GBX 1,407.20 and a twelve month high of GBX 2,237.88. The stock has a market capitalization of £1.70 billion, a price-to-earnings ratio of 11.85, a PEG ratio of 3.39 and a beta of 1.28. The company has a current ratio of 0.56, a quick ratio of 0.88 and a debt-to-equity ratio of 75.94. The business’s 50 day simple moving average is GBX 1,641.07 and its 200-day simple moving average is GBX 1,623.13.

Greggs (LON:GRG) last posted its earnings results on Wednesday, March 4th. The company reported GBX 120 EPS for the quarter. Greggs had a return on equity of 20.47% and a net margin of 5.68%. Equities research analysts forecast that Greggs will post 142.3763386 earnings per share for the current 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.