Greggs plc (LON:GRG – Get Free Report) has received an average rating of “Hold” from the eight analysts that are currently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating on the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is GBX 1,900.
GRG has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. upped their target price on shares of Greggs from GBX 2,050 to GBX 2,210 and gave the company an “outperform” rating in a research report on Thursday, July 30th. Royal Bank Of Canada boosted 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 note on Friday, July 31st. Deutsche Bank Aktiengesellschaft restated a “sell” rating and issued a GBX 1,330 price objective on shares of Greggs in a report on Thursday, July 30th. Jefferies Financial Group lifted their target price on shares of Greggs from GBX 1,610 to GBX 1,740 and gave the company a “hold” rating in a report on Friday, August 28th. Finally, Berenberg Bank boosted their target price on Greggs from GBX 2,090 to GBX 2,200 and gave the company a “buy” rating in a research report on Thursday, July 30th.
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Greggs Price Performance
GRG stock opened at GBX 1,794.48 on Thursday. Greggs has a 52-week low of GBX 1,407.20 and a 52-week high of GBX 2,046. The company has a quick ratio of 0.88, a current ratio of 0.52 and a debt-to-equity ratio of 74.16. The stock has a market cap of £1.83 billion, a price-to-earnings ratio of 13.92, a price-to-earnings-growth ratio of 3.39 and a beta of 1.16. The business has a fifty day moving average of GBX 1,802.61 and a two-hundred day moving average of GBX 1,680.86.
Greggs (LON:GRG – Get Free Report) last announced its quarterly earnings results on Wednesday, July 29th. The company reported GBX 55.10 EPS for the quarter. Greggs had a return on equity of 20.97% and a net margin of 5.93%. As a group, research analysts anticipate that Greggs will post 142.3763386 earnings per share for the current year.
About Greggs
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.
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