Greggs plc (LON:GRG) Receives GBX 2,100 Consensus PT from Brokerages

Greggs plc (LON:GRG) has received an average rating of “Hold” from the eight ratings firms that are currently covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a sell recommendation, five have given a hold recommendation and one has assigned a buy recommendation to the company. The average 12-month target price among brokerages that have covered the stock in the last year is GBX 2,100 ($27.62).

Several equities research analysts have recently issued reports on the stock. Barclays raised their price target on shares of Greggs from GBX 1,610 ($21.18) to GBX 1,760 ($23.15) and gave the stock an “equal weight” rating in a research note on Tuesday, October 22nd. Shore Capital restated a “hold” rating on shares of Greggs in a research note on Wednesday, January 8th. UBS Group raised their price target on shares of Greggs from GBX 2,300 ($30.26) to GBX 2,640 ($34.73) and gave the stock a “buy” rating in a research note on Thursday, January 9th. Canaccord Genuity raised their price target on shares of Greggs from GBX 2,050 ($26.97) to GBX 2,100 ($27.62) and gave the stock a “hold” rating in a research note on Monday, November 11th. Finally, Peel Hunt restated a “reduce” rating on shares of Greggs in a research note on Wednesday, January 8th.

Shares of GRG stock traded up GBX 30 ($0.39) during trading hours on Friday, hitting GBX 2,398 ($31.54). 271,711 shares of the company were exchanged, compared to its average volume of 278,094. The firm has a fifty day simple moving average of GBX 2,307.52 and a 200 day simple moving average of GBX 2,121. The company has a current ratio of 0.74, a quick ratio of 0.61 and a debt-to-equity ratio of 82.57. Greggs has a 52-week low of GBX 1,490 ($19.60) and a 52-week high of GBX 2,550 ($33.54). The stock has a market capitalization of $2.43 billion and a price-to-earnings ratio of 32.23.

Greggs Company Profile

Greggs plc operates as a bakery food-on-the-go retailer in the United Kingdom. It offers a range of fresh and frozen bakery products, sandwiches, drinks, snacks, small cakes and muffins, breakfast products, and sweet bakery treats, as well as porridges, salads, and soups. The company sells its products through its shops in travel, leisure, and work-centered catchments; and franchised stores in motorway service stations and petrol forecourts.

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Analyst Recommendations for Greggs (LON:GRG)

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