Greggs plc (LON:GRG) Receives GBX 1,775 Consensus PT from Brokerages

Shares of Greggs plc (LON:GRG) have received an average recommendation of “Hold” from the seven analysts that are covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and three have issued a buy recommendation on the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is GBX 1,775.

A number of analysts have recently weighed in on GRG shares. Jefferies Financial Group reissued a “hold” rating and set a GBX 1,610 price objective on shares of Greggs in a research note on Tuesday, April 14th. Royal Bank Of Canada dropped their price objective on Greggs from GBX 1,970 to GBX 1,830 and set an “outperform” rating for the company in a research note on Tuesday, March 10th. Berenberg Bank dropped their price target on Greggs from GBX 2,640 to GBX 2,170 and set a “buy” rating for the company in a research note on Thursday, January 8th. Finally, JPMorgan Chase & Co. dropped their price target on Greggs from GBX 2,060 to GBX 2,050 and set an “overweight” rating for the company in a research note on Wednesday, March 4th.

Greggs Stock Performance

LON:GRG opened at GBX 1,619.50 on Monday. The firm has a market cap of £1.65 billion, a PE ratio of 13.58, a price-to-earnings-growth ratio of 3.39 and a beta of 1.17. Greggs has a fifty-two week low of GBX 1,407.20 and a fifty-two week high of GBX 2,237.88. The company has a debt-to-equity ratio of 75.94, a quick ratio of 0.88 and a current ratio of 0.56. The business has a 50 day moving average price of GBX 1,591.33 and a 200-day moving average price of GBX 1,620.46.

Greggs (LON:GRG) last released its quarterly earnings data on Wednesday, March 4th. The company reported GBX 120 earnings per share for the quarter. Greggs had a return on equity of 20.47% and a net margin of 5.68%. Equities research analysts predict 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.