Greggs plc (LON:GRG) Receives GBX 1,824.29 Average Price Target from Analysts

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

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

Greggs Stock Performance

Shares of GRG stock opened at GBX 1,657 on Tuesday. The business’s 50-day moving average price is GBX 1,639.09 and its 200-day moving average price is GBX 1,633.45. Greggs has a 12 month low of GBX 1,407.20 and a 12 month high of GBX 1,982. The firm has a market capitalization of £1.69 billion, a price-to-earnings ratio of 13.89, a PEG ratio of 3.39 and a beta of 1.14. 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 Buying and Selling at Greggs

In related news, insider Richard Smothers purchased 1,615 shares of the firm’s stock in a transaction dated Tuesday, May 19th. The stock was bought at an average price of GBX 17 per share, with a total value of £274.55. Insiders own 0.62% of the company’s stock.

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.