Greggs plc (LON:GRG) Stock Has Consensus Price Target of GBX 1,962.86

Shares of Greggs plc (LON:GRG) have received an average rating of “Hold” from the seven research firms that are currently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company. The average 12-month price target among brokerages that have covered the stock in the last year is GBX 1,962.86.

GRG has been the subject of several analyst reports. Shore Capital Group restated a “hold” rating and issued a GBX 1,910 price objective on shares of Greggs in a report on Wednesday, September 30th. Royal Bank Of Canada lifted their target price on Greggs from GBX 1,830 to GBX 1,960 and gave the stock a “sector perform” rating in a report on Friday, July 31st. Berenberg Bank increased their target price on Greggs from GBX 2,200 to GBX 2,300 and gave the stock a “buy” rating in a report on Thursday, October 1st. Deutsche Bank Aktiengesellschaft upped their target price on Greggs from GBX 1,330 to GBX 1,420 and gave the stock a “sell” rating in a research note on Wednesday, September 30th. Finally, Jefferies Financial Group raised their price target on shares of Greggs from GBX 1,610 to GBX 1,740 and gave the company a “hold” rating in a research note on Friday, August 28th.

Greggs Stock Performance

Shares of Greggs stock opened at GBX 2,340 on Friday. Greggs has a 12 month low of GBX 1,407.20 and a 12 month high of GBX 2,414. The company has a current ratio of 0.52, a quick ratio of 0.88 and a debt-to-equity ratio of 74.16. The company has a market capitalization of £2.39 billion, a PE ratio of 18.15, a PEG ratio of 3.39 and a beta of 1.16. The stock’s fifty day simple moving average is GBX 2,039.57 and its 200 day simple moving average is GBX 1,751.04.

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.