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

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

A number of other research analysts have also recently commented on GRG. Royal Bank Of Canada decreased their price target 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. Jefferies Financial Group reiterated a “hold” rating and issued a GBX 1,610 target price on shares of Greggs in a research report on Tuesday. JPMorgan Chase & Co. decreased their target price on 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. Finally, UBS Group reiterated a “buy” rating and issued a GBX 2,200 target price on shares of Greggs in a research report on Monday. Four research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of GBX 1,835.71.

Greggs Stock Up 4.2%

Shares of LON GRG opened at GBX 1,586 on Tuesday. 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 52 week low of GBX 1,407.20 and a 52 week high of GBX 2,237.88. The stock has a market capitalization of £1.62 billion, a P/E ratio of 13.29, a PEG ratio of 3.39 and a beta of 1.13. The stock’s fifty day moving average is GBX 1,583.71 and its 200 day moving average is GBX 1,612.12.

Greggs (LON:GRG) last issued 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%. Sell-side analysts forecast that Greggs will post 142.3763386 earnings per share for the current fiscal 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.