Greggs (LON:GRG) Stock Price Expected to Rise, Deutsche Bank Aktiengesellschaft Analyst Says

Greggs (LON:GRG) had its price target upped by Deutsche Bank Aktiengesellschaft from GBX 1,330 to GBX 1,420 in a report released on Wednesday, Digital Look reports. The firm currently has a “sell” rating on the stock. Deutsche Bank Aktiengesellschaft’s price objective would indicate a potential downside of 28.57% from the stock’s previous close.

Several other equities research analysts also recently weighed in on GRG. JPMorgan Chase & Co. increased their price target on Greggs from GBX 2,050 to GBX 2,210 and gave the stock an “outperform” rating in a report on Thursday, July 30th. Berenberg Bank boosted their price objective on Greggs from GBX 2,200 to GBX 2,300 and gave the company a “buy” rating in a report on Thursday. Royal Bank Of Canada upped their price objective on Greggs from GBX 1,830 to GBX 1,960 and gave the company a “sector perform” rating in a research report on Friday, July 31st. Shore Capital Group reiterated a “hold” rating and issued a GBX 1,910 target price on shares of Greggs in a research note on Wednesday. Finally, Jefferies Financial Group lifted their target price on Greggs from GBX 1,610 to GBX 1,740 and gave the stock a “hold” rating in a research report on Friday, August 28th. Three research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of GBX 1,962.86.

Greggs Stock Performance

Greggs stock opened at GBX 1,988 on Wednesday. The company has a debt-to-equity ratio of 74.16, a current ratio of 0.52 and a quick ratio of 0.88. Greggs has a 1-year low of GBX 1,407.20 and a 1-year high of GBX 2,058. The firm has a market capitalization of £2.03 billion, a P/E ratio of 15.42, a price-to-earnings-growth ratio of 3.39 and a beta of 1.16. The company’s 50-day moving average is GBX 1,839.81 and its 200 day moving average is GBX 1,690.70.

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 5.93% and a return on equity of 20.97%. Research analysts forecast that Greggs will post 142.3763386 EPS for the current year.

Insider Buying and Selling at Greggs

In other news, insider Richard Hutton sold 3,069 shares of Greggs stock in a transaction that occurred on Friday, August 7th. The shares were sold at an average price of GBX 1,926, for a total transaction of £59,108.94. Corporate insiders own 0.63% of the company’s stock.

Key Stories Impacting Greggs

Here are the key news stories impacting Greggs this week:

• Positive Sentiment: Greggs reported 7.7% third-quarter sales growth and raised its profit outlook, citing improved trading. The update reinforces confidence in demand and is the main fundamental reason investors remain constructive. Greggs Reports 7.7% Q3 Sales Growth and Proposes Manufacturing Restructuring
• Positive Sentiment: Berenberg raised its price target from GBX 2,200 to GBX 2,300 and retained a buy rating, implying further upside based on Greggs’ sales momentum and earnings outlook. Shares round-up: why Greggs and Liontrust are big winners
• Positive Sentiment: Greggs is highlighted as a London share to watch in the fourth quarter, suggesting the improved outlook and resilient customer demand could keep the company in focus with investors. Q4 London Shares to Watch
• Neutral Sentiment: Shore Capital reaffirmed its hold rating and set a GBX 1,910 target, indicating that the recent rally may already reflect much of the improved outlook. Shore Capital Greggs Rating
• Negative Sentiment: Deutsche Bank lifted its target from GBX 1,330 to GBX 1,420 but maintained a sell rating. The target remains well below recent trading levels, signaling valuation concerns despite the positive earnings update. Deutsche Bank Forecast for Greggs
• Negative Sentiment: Manufacturing restructuring and ongoing cost pressures introduce execution risks and could weigh on margins, prompting at least one market view to downgrade Greggs to hold above £20 per share. Greggs Cost Pressures and Hold Downgrade

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.