Greggs’ (GRG) Hold Rating Reiterated at Shore Capital Group

Greggs (LON:GRG)‘s stock had its “hold” rating restated by research analysts at Shore Capital Group in a research report issued to clients and investors on Tuesday,Digital Look reports.

A number of other analysts have also commented on GRG. JPMorgan Chase & Co. cut their price target on Greggs from GBX 2,060 to GBX 2,050 and set an “overweight” rating on the stock in a research note on Wednesday, March 4th. Jefferies Financial Group reissued a “hold” rating and set a GBX 1,610 price target on shares of Greggs in a research note on Tuesday. Royal Bank Of Canada cut their price target on Greggs from GBX 1,970 to GBX 1,830 and set an “outperform” rating on the stock in a research note on Tuesday, March 10th. Finally, UBS Group reaffirmed a “buy” rating and issued a GBX 2,200 price objective on shares of Greggs in a research note on Monday. Four analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of GBX 1,835.71.

Greggs Stock Performance

Shares of GRG stock opened at GBX 1,586 on Tuesday. The business’s 50-day moving average price is GBX 1,583.71 and its 200-day moving average price is GBX 1,612.12. Greggs has a 12 month low of GBX 1,407.20 and a 12 month high of GBX 2,237.88. The firm has a market capitalization of £1.62 billion, a price-to-earnings ratio of 13.29, a PEG ratio of 3.39 and a beta of 1.13. The company has a current ratio of 0.56, a quick ratio of 0.88 and a debt-to-equity ratio of 75.94.

Greggs (LON:GRG) last announced its quarterly earnings results on Wednesday, March 4th. The company reported GBX 120 EPS for the quarter. Greggs had a return on equity of 20.47% and a net margin of 5.68%. Equities research analysts forecast that Greggs will post 142.3763386 EPS for the current year.

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.