Greggs plc (LON:GRG) Receives Consensus Rating of “Hold” from Analysts

Shares of Greggs plc (LON:GRG) have received a consensus rating of “Hold” from the eight ratings firms that are currently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, three have given a hold recommendation and four have given a buy recommendation to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is GBX 1,824.29.

A number of equities analysts recently issued reports on GRG shares. Deutsche Bank Aktiengesellschaft reaffirmed a “sell” rating and issued a GBX 1,330 price target on shares of Greggs in a report on Wednesday, May 13th. Jefferies Financial Group reaffirmed a “hold” rating and issued a GBX 1,610 price target on shares of Greggs in a report on Tuesday, May 12th. Shore Capital Group reaffirmed a “hold” rating on shares of Greggs in a report on Tuesday, May 12th. Berenberg Bank reiterated a “buy” rating and issued a GBX 2,090 price objective on shares of Greggs in a research note on Thursday, May 14th. Finally, UBS Group reiterated a “buy” rating and issued a GBX 2,200 price objective on shares of Greggs in a research note on Monday, May 11th.

Insiders Place Their Bets

In other news, insider Richard Smothers acquired 1,615 shares of Greggs stock in a transaction on Tuesday, May 19th. The stock was bought at an average price of GBX 17 per share, for a total transaction of £274.55. Corporate insiders own 0.57% of the company’s stock.

Greggs Stock Performance

Shares of GRG opened at GBX 1,724.21 on Friday. The stock has a 50 day moving average price of GBX 1,593.33 and a 200 day moving average price of GBX 1,612.69. 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 company has a market capitalization of £1.76 billion, a price-to-earnings ratio of 14.45, a price-to-earnings-growth ratio of 3.39 and a beta of 1.13. Greggs has a 52-week low of GBX 1,407.20 and a 52-week high of GBX 2,122.

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

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.