Greggs (LON:GRG) Receives “Sell” Rating from Deutsche Bank Aktiengesellschaft

Greggs (LON:GRG)‘s stock had its “sell” rating reiterated by equities researchers at Deutsche Bank Aktiengesellschaft in a research note issued to investors on Wednesday,London Stock Exchange reports. They presently have a GBX 1,330 target price on the stock. Deutsche Bank Aktiengesellschaft’s target price points to a potential downside of 18.75% from the company’s current price.

A number of other brokerages have also issued reports on GRG. Royal Bank Of Canada cut their target price on 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. JPMorgan Chase & Co. cut 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 report on Wednesday, March 4th. UBS Group reissued a “buy” rating and issued a GBX 2,200 target price on shares of Greggs in a research report on Monday. Jefferies Financial Group reiterated a “hold” rating and issued a GBX 1,610 price objective on shares of Greggs in a research report on Tuesday. Finally, Shore Capital Group reiterated a “hold” rating on shares of Greggs in a research report on Tuesday. Four investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of GBX 1,835.71.

Greggs Trading Down 0.4%

LON GRG opened at GBX 1,637 on Wednesday. Greggs has a 52 week low of GBX 1,407.20 and a 52 week high of GBX 2,237.88. The stock has a market cap of £1.67 billion, a P/E ratio of 13.72, 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. The company’s fifty day simple moving average is GBX 1,584.97 and its 200-day simple moving average is GBX 1,611.67.

Greggs (LON:GRG) last announced its earnings results 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 EPS for the current fiscal 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.