Greggs (LON:GRG) Price Target Raised to GBX 1,740

Greggs (LON:GRG) had its price objective boosted by Jefferies Financial Group from GBX 1,610 to GBX 1,740 in a report published on Friday morning, MarketBeat reports. The firm currently has a hold rating on the stock.

Other equities analysts have also issued reports about the stock. Shore Capital Group reaffirmed a “hold” rating on shares of Greggs in a report on Tuesday, May 12th. UBS Group reissued a “buy” rating and set a GBX 2,200 price target on shares of Greggs in a report on Monday, May 11th. Royal Bank Of Canada raised their price target on shares of Greggs from GBX 1,830 to GBX 1,960 and gave the company a “sector perform” rating in a research report on Friday, July 31st. JPMorgan Chase & Co. lifted their price objective on shares of Greggs from GBX 2,050 to GBX 2,210 and gave the company an “outperform” rating in a report on Thursday, July 30th. Finally, Berenberg Bank upped their price objective on shares of Greggs from GBX 2,090 to GBX 2,200 and gave the stock a “buy” rating in a research report on Thursday, July 30th. Three investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Greggs currently has an average rating of “Hold” and a consensus target price of GBX 1,900.

Greggs Stock Performance

Shares of LON GRG opened at GBX 1,854 on Friday. The company has a debt-to-equity ratio of 74.16, a current ratio of 0.52 and a quick ratio of 0.88. The firm has a fifty day moving average price of GBX 1,723.65 and a 200-day moving average price of GBX 1,654.69. The stock has a market cap of £1.89 billion, a PE ratio of 14.38, a price-to-earnings-growth ratio of 3.39 and a beta of 1.16. Greggs has a 1 year low of GBX 1,407.20 and a 1 year high of GBX 2,046.

Greggs (LON:GRG) last announced its quarterly earnings data on Wednesday, July 29th. The company reported GBX 55.10 earnings per share (EPS) for the quarter. Greggs had a return on equity of 20.97% and a net margin of 5.93%. Equities analysts anticipate that Greggs will post 142.3763386 earnings per share for the current fiscal year.

Insider Buying and Selling at Greggs

In other news, insider Richard Hutton sold 3,069 shares of the company’s stock in a transaction that occurred on Friday, August 7th. The stock was sold at an average price of GBX 1,926, for a total transaction of £59,108.94. 0.62% of the stock is currently owned by 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.