Greggs’ (GRG) Hold Rating Reiterated at Peel Hunt

Peel Hunt reissued their hold rating on shares of Greggs (LON:GRG) in a research report sent to investors on Wednesday, Marketbeat.com reports. They currently have a GBX 1,660 target price on the stock.

GRG has been the topic of a number of other reports. Deutsche Bank Aktiengesellschaft reaffirmed a “sell” rating and set a GBX 1,330 price target on shares of Greggs in a research report on Wednesday, July 30th. Berenberg Bank lifted their price target on shares of Greggs from GBX 3,040 to GBX 3,060 and gave the company a “buy” rating in a research report on Wednesday, July 30th. Finally, Shore Capital reaffirmed a “hold” rating on shares of Greggs in a research report on Wednesday. Three equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of GBX 2,064.

Greggs Price Performance

Greggs stock opened at GBX 1,676 on Wednesday. Greggs has a 1 year low of GBX 1,499 and a 1 year high of GBX 2,956. The firm has a 50 day moving average price of GBX 1,599.41 and a 200 day moving average price of GBX 1,769.46. The company has a market cap of £1.71 billion, a price-to-earnings ratio of 1,187.81, a PEG ratio of 3.39 and a beta of 1.43. The company has a debt-to-equity ratio of 66.19, a quick ratio of 0.88 and a current ratio of 0.80.

Insider Transactions at Greggs

In related news, insider Matthew Davies purchased 1,249 shares of the business’s stock in a transaction that occurred on Wednesday, August 20th. The shares were purchased at an average cost of GBX 1,600 per share, with a total value of £19,984. 0.56% of the stock is owned by corporate insiders.

About Greggs

Greggs is a leading UK food-on-the-go retailer with more than 2,600 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.