Greggs (LON:GRG) Rating Lowered to “Hold” at Jefferies Financial Group

Greggs (LON:GRG) was downgraded by Jefferies Financial Group to a “hold” rating in a research report issued to clients and investors on Monday,London Stock Exchange reports. They presently have a GBX 1,610 target price on the stock, down from their previous target price of GBX 2,500. Jefferies Financial Group’s price objective suggests a potential downside of 4.17% from the stock’s previous close.

Several other equities analysts have also commented on the company. Berenberg Bank reduced their price objective on Greggs from GBX 2,640 to GBX 2,170 and set a “buy” rating on the stock in a research report on Thursday, January 8th. JPMorgan Chase & Co. started coverage on shares of Greggs in a research report on Friday, December 5th. They set an “overweight” rating and a GBX 2,110 price target on the stock. Three analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of GBX 1,845.

Greggs Price Performance

Shares of LON:GRG opened at GBX 1,680 on Monday. The company’s fifty day moving average price is GBX 1,666.47 and its 200-day moving average price is GBX 1,624.16. The company has a debt-to-equity ratio of 66.19, a current ratio of 0.80 and a quick ratio of 0.88. The firm has a market capitalization of £1.71 billion, a price-to-earnings ratio of 11.91, a PEG ratio of 3.39 and a beta of 1.43. Greggs has a one year low of GBX 1,407.20 and a one year high of GBX 2,237.88.

Greggs (LON:GRG) last announced its earnings results on Friday, January 16th. The company reported GBX 45.60 earnings per share (EPS) for the quarter. Greggs had a net margin of 7.13% and a return on equity of 26.79%. On average, equities research analysts anticipate that Greggs will post 142.3763386 earnings per share for the current fiscal year.

About Greggs

Greggs is a leading UK food-on-the-go retailer with more than 2,600 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.