Greggs plc (LON:GRG) Receives GBX 1,824.29 Consensus PT from Analysts

Shares of Greggs plc (LON:GRG) have earned a consensus rating of “Hold” from the eight ratings firms that are presently covering the stock, Marketbeat reports. One analyst has rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating on the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is GBX 1,824.29.

A number of equities research analysts recently commented on the company. Deutsche Bank Aktiengesellschaft reissued a “sell” rating and issued a GBX 1,330 price target on shares of Greggs in a research report on Wednesday, May 13th. Jefferies Financial Group restated a “hold” rating and issued a GBX 1,610 price objective on shares of Greggs in a research note on Tuesday, May 12th. Berenberg Bank restated a “buy” rating and issued a GBX 2,090 price objective on shares of Greggs in a research note on Thursday, May 14th. UBS Group restated a “buy” rating and issued a GBX 2,200 price objective on shares of Greggs in a research note on Monday, May 11th. Finally, Shore Capital Group restated a “hold” rating on shares of Greggs in a research note on Tuesday, May 12th.

Greggs Trading Down 0.5%

LON GRG opened at GBX 1,705.77 on Tuesday. The firm has a market capitalization of £1.74 billion, a P/E ratio of 14.30, a PEG ratio of 3.39 and a beta of 1.14. The business has a fifty day simple moving average of GBX 1,636.33 and a 200 day simple moving average of GBX 1,630.40. Greggs has a 12 month low of GBX 1,407.20 and a 12 month high of GBX 1,990. The company has a current ratio of 0.56, a quick ratio of 0.88 and a debt-to-equity ratio of 75.94.

Insider Transactions at Greggs

In other Greggs news, insider Richard Smothers acquired 1,615 shares of Greggs stock in a transaction on Tuesday, May 19th. The stock was purchased at an average price of GBX 17 per share, for a total transaction of £274.55. 0.62% of the stock is owned by company insiders.

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.