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

Greggs (LON:GRG)‘s stock had its “hold” rating restated by analysts at Shore Capital Group in a report issued on Wednesday, Digital Look reports. They currently have a GBX 1,910 price objective on the stock. Shore Capital Group’s target price points to a potential downside of 5.82% from the stock’s previous close.

GRG has been the topic of a number of other reports. Jefferies Financial Group increased their target price on shares of Greggs from GBX 1,610 to GBX 1,740 and gave the company a “hold” rating in a research report on Friday, August 28th. JPMorgan Chase & Co. raised their price objective on Greggs from GBX 2,050 to GBX 2,210 and gave the stock an “outperform” rating in a report on Thursday, July 30th. Royal Bank Of Canada lifted their target price on Greggs from GBX 1,830 to GBX 1,960 and gave the stock a “sector perform” rating in a research report on Friday, July 31st. Berenberg Bank boosted their target price on Greggs from GBX 2,090 to GBX 2,200 and gave the company a “buy” rating in a report on Thursday, July 30th. Finally, Deutsche Bank Aktiengesellschaft restated a “sell” rating and set a GBX 1,330 price target on shares of Greggs in a research note on Thursday, July 30th. Three analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of GBX 1,901.25.

Greggs Stock Up 8.2%

Greggs stock traded up GBX 153 during midday trading on Wednesday, reaching GBX 2,028. The company’s stock had a trading volume of 1,826,321 shares, compared to its average volume of 3,463,433. The company has a market cap of £2.07 billion, a P/E ratio of 15.73, a P/E/G ratio of 3.39 and a beta of 1.16. The company has a quick ratio of 0.88, a current ratio of 0.52 and a debt-to-equity ratio of 74.16. The business has a 50-day simple moving average of GBX 1,823.54 and a 200-day simple moving average of GBX 1,685.89. Greggs has a fifty-two week low of GBX 1,407.20 and a fifty-two week high of GBX 2,058.

Greggs (LON:GRG) last issued its earnings results on Wednesday, July 29th. The company reported GBX 55.10 earnings per share for the quarter. Greggs had a return on equity of 20.97% and a net margin of 5.93%. On average, research analysts expect that Greggs will post 142.3763386 earnings per share for the current fiscal year.

Insider Transactions at Greggs

In related news, insider Richard Hutton sold 3,069 shares of the firm’s stock in a transaction dated Friday, August 7th. The shares were sold at an average price of GBX 1,926, for a total value of £59,108.94. 0.63% of the stock is owned by corporate 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.