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

Greggs (LON:GRG)‘s stock had its “sell” rating restated by Deutsche Bank Aktiengesellschaft in a research report issued to clients and investors on Thursday,Digital Look reports. They presently have a GBX 1,330 price target on the stock. Deutsche Bank Aktiengesellschaft’s price target indicates a potential downside of 33.90% from the company’s previous close.

A number of other equities analysts have also weighed in on GRG. UBS Group restated a “buy” rating and set a GBX 2,200 target price on shares of Greggs in a research report on Monday, May 11th. Berenberg Bank lifted their price target on shares of Greggs from GBX 2,090 to GBX 2,200 and gave the company a “buy” rating in a report on Thursday. Shore Capital Group reiterated a “hold” rating on shares of Greggs in a research note on Tuesday, May 12th. Jefferies Financial Group reissued a “hold” rating and set a GBX 1,610 price objective on shares of Greggs in a report on Wednesday. Finally, JPMorgan Chase & Co. increased their price objective on shares of Greggs from GBX 2,050 to GBX 2,210 and gave the company an “outperform” rating in a report on Thursday. Four research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Greggs presently has an average rating of “Hold” and a consensus target price of GBX 1,862.86.

Greggs Price Performance

LON GRG traded up GBX 33.39 during trading hours on Thursday, reaching GBX 2,012. The company’s stock had a trading volume of 6,122,756 shares, compared to its average volume of 4,329,737. Greggs has a 1 year low of GBX 1,407.20 and a 1 year high of GBX 2,046. The company has a quick ratio of 0.88, a current ratio of 0.56 and a debt-to-equity ratio of 75.94. The company has a market capitalization of £2.05 billion, a price-to-earnings ratio of 16.87, a PEG ratio of 3.39 and a beta of 1.15. The firm’s 50-day moving average price is GBX 1,641.42 and its 200-day moving average price is GBX 1,620.23.

Greggs (LON:GRG) last announced its quarterly earnings data on Wednesday, July 29th. The company reported GBX 55.10 earnings per share (EPS) for the quarter. Greggs had a net margin of 5.68% and a return on equity of 20.47%. On average, equities research analysts predict that Greggs will post 142.3763386 EPS for the current fiscal year.

Insider Activity

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

Greggs News Summary

Here are the key news stories impacting Greggs this week:

• Positive Sentiment: First-half profit rose 20%, supported by growth in Greggs’ grocery business and resilient demand for its core food-to-go products. The results suggest the company’s value-focused strategy is attracting customers despite ongoing cost-of-living pressures. UK’s Greggs first-half profit up 20% as grocery business grows
• Positive Sentiment: Greggs reported quarterly EPS of 55.10 pence, alongside a 5.68% net margin and 20.47% return on equity. The company also reported higher market share, reinforcing the view that its pricing and product strategy is delivering operational momentum. Greggs Reports Higher Profit and Market Share as Value Strategy Continues to Deliver
• Positive Sentiment: JPMorgan raised its Greggs price target to 2,210 pence from 2,050 pence and retained an “outperform” rating. Berenberg also increased its target to 2,200 pence from 2,090 pence and maintained a “buy” recommendation, providing additional analyst support. Broker target upgrades
• Positive Sentiment: Early international expansion is showing promise: Greggs is finding demand for its sausage rolls in Spain’s Canary Islands. Although still a small opportunity, the reception could support longer-term growth beyond the UK. UK’s Greggs finds appetite for sausage rolls in the Canary Islands
• Negative Sentiment: Jefferies reaffirmed its “hold” rating with a 1,610-pence target, substantially below the current trading level. This signals that some analysts view the recent rally as having outpaced near-term fundamental value. Jefferies Greggs rating

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.