Analysts Set Greggs plc (LON:GRG) Price Target at GBX 1,993.33

Shares of Greggs plc (LON:GRG) have earned a consensus recommendation of “Hold” from the seven research firms that are currently covering the company, MarketBeat reports. One analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is GBX 1,845.

Several equities research analysts have issued reports on GRG shares. Jefferies Financial Group lowered shares of Greggs to a “hold” rating and lowered their price target for the company from GBX 2,500 to GBX 1,610 in a report on Monday. Berenberg Bank dropped their price target on shares of Greggs from GBX 2,640 to GBX 2,170 and set a “buy” rating for the company in a research report on Thursday, January 8th. Finally, JPMorgan Chase & Co. initiated coverage on shares of Greggs in a research note on Friday, December 5th. They set an “overweight” rating and a GBX 2,110 price target for the company.

Greggs Price Performance

Shares of GRG stock opened at GBX 1,637 on Wednesday. The stock has a 50 day moving average of GBX 1,667 and a two-hundred day moving average of GBX 1,623.45. The company has a current ratio of 0.80, a quick ratio of 0.88 and a debt-to-equity ratio of 66.19. Greggs has a 12 month low of GBX 1,407.20 and a 12 month high of GBX 2,237.88. The company has a market capitalization of £1.67 billion, a P/E ratio of 11.60, a P/E/G ratio of 3.39 and a beta of 1.43.

Greggs (LON:GRG) last released its quarterly earnings data on Friday, January 16th. The company reported GBX 45.60 earnings per share (EPS) for the quarter. Greggs had a return on equity of 26.79% and a net margin of 7.13%. As a group, equities analysts expect that Greggs will post 142.3763386 EPS for the current year.

Greggs Company Profile

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. Greggs also offers a healthier options range which includes a selection of gluten-free, vegan-friendly and lower calorie products.