Peel Hunt Reaffirms “Sell” Rating for Greggs (LON:GRG)

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Greggs (LON:GRG)‘s stock had its “sell” rating reiterated by equities research analysts at Peel Hunt in a research note issued to investors on Tuesday, LSE.Co.UK reports. They currently have a GBX 1,200 ($15.68) price objective on the stock. Peel Hunt’s target price would indicate a potential upside of 2.13% from the company’s current price.

A number of other equities research analysts also recently weighed in on GRG. HSBC raised Greggs to a “hold” rating in a report on Wednesday, June 10th. Shore Capital reissued a “sell” rating on shares of Greggs in a report on Friday, August 28th. UBS Group reissued a “buy” rating on shares of Greggs in a report on Wednesday, July 29th. Finally, Peel Hunt reissued a “sell” rating and set a GBX 1,200 ($15.68) target price on shares of Greggs in a report on Tuesday. Three analysts have rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of GBX 1,842.86 ($24.08).

GRG stock opened at GBX 1,175 ($15.35) on Tuesday. The company has a debt-to-equity ratio of 151.20, a current ratio of 0.61 and a quick ratio of 0.54. The company has a fifty day moving average price of GBX 1,341.90 and a two-hundred day moving average price of GBX 1,563.40. Greggs has a one year low of GBX 1,117 ($14.60) and a one year high of GBX 2,550 ($33.32). The stock has a market cap of $1.19 billion and a price-to-earnings ratio of 287.18.

Greggs (LON:GRG) last released its quarterly earnings data on Tuesday, July 28th. The company reported GBX (53.40) (($0.70)) EPS for the quarter. Research analysts anticipate that Greggs will post 6712.3747423 EPS for the current fiscal year.

About Greggs

Greggs plc operates as a bakery food-on-the-go retailer in the United Kingdom. It offers a range of fresh and frozen bakery products, sandwiches, drinks, snacks, small cakes and muffins, breakfast products, and sweet bakery treats, as well as porridges, salads, and soups. The company sells its products through its shops in travel, leisure, and work-centered catchments; and franchised stores in motorway service stations and petrol forecourts.

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Analyst Recommendations for Greggs (LON:GRG)

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