Greggs (LON:GRG) Receives “Hold” Rating from Jefferies Financial Group

Greggs (LON:GRG)‘s stock had its “hold” rating reaffirmed by Jefferies Financial Group in a research report issued on Tuesday,Digital Look reports. They currently have a GBX 1,610 price objective on the stock. Jefferies Financial Group’s price objective points to a potential upside of 1.65% from the stock’s current price.

Other research analysts have also recently issued reports about the stock. UBS Group reaffirmed a “buy” rating and set a GBX 2,200 price target on shares of Greggs in a research report on Monday. Royal Bank Of Canada reduced their price target on shares of Greggs from GBX 1,970 to GBX 1,830 and set an “outperform” rating on the stock in a research report on Tuesday, March 10th. Finally, JPMorgan Chase & Co. reduced their price target on shares of Greggs from GBX 2,060 to GBX 2,050 and set an “overweight” rating on the stock in a research report on Wednesday, March 4th. Four equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of GBX 1,835.71.

Greggs Price Performance

GRG opened at GBX 1,583.79 on Tuesday. The company’s 50 day simple moving average is GBX 1,583.71 and its 200 day simple moving average is GBX 1,612.12. The company has a debt-to-equity ratio of 75.94, a quick ratio of 0.88 and a current ratio of 0.56. Greggs has a 1 year low of GBX 1,407.20 and a 1 year high of GBX 2,237.88. The stock has a market capitalization of £1.61 billion, a PE ratio of 13.28, a P/E/G ratio of 3.39 and a beta of 1.13.

Greggs (LON:GRG) last announced its quarterly earnings results on Wednesday, March 4th. The company reported GBX 120 earnings per share for the quarter. Greggs had a net margin of 5.68% and a return on equity of 20.47%. As a group, sell-side analysts expect 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.