Brokerages Set Greggs plc (LON:GRG) Price Target at GBX 1,775

Shares of Greggs plc (LON:GRG) have received a consensus recommendation of “Hold” from the seven research firms that are presently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating on the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is GBX 1,775.

Several analysts recently commented on the stock. JPMorgan Chase & Co. cut their target price on shares of Greggs from GBX 2,060 to GBX 2,050 and set an “overweight” rating for the company in a research note on Wednesday, March 4th. Berenberg Bank decreased their price target on shares of Greggs from GBX 2,640 to GBX 2,170 and set a “buy” rating on the stock in a research report on Thursday, January 8th. Jefferies Financial Group cut Greggs to a “hold” rating and dropped their price target for the company from GBX 2,500 to GBX 1,610 in a report on Monday, February 9th. Finally, Royal Bank Of Canada cut their price objective on Greggs from GBX 1,970 to GBX 1,830 and set an “outperform” rating for the company in a research report on Tuesday, March 10th.

Greggs Price Performance

Shares of Greggs stock opened at GBX 1,486.02 on Thursday. 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 company’s 50-day moving average price is GBX 1,612.92 and its two-hundred day moving average price is GBX 1,620.41. Greggs has a 52 week low of GBX 1,407.20 and a 52 week high of GBX 2,237.88. The stock has a market cap of £1.51 billion, a PE ratio of 10.53, a price-to-earnings-growth ratio of 3.39 and a beta of 1.28.

Greggs (LON:GRG) last posted its quarterly earnings data on Wednesday, March 4th. The company reported GBX 120 earnings per share for the quarter. Greggs had a net margin of 5.68% and a return on equity of 20.47%. As a group, sell-side analysts anticipate that Greggs will post 142.3763386 EPS for the current fiscal year.

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. Greggs also offers a healthier options range which includes a selection of gluten-free, vegan-friendly and lower calorie products.