Greggs (LON:GRG) Cut to Hold at Jefferies Financial Group

Jefferies Financial Group downgraded shares of Greggs (LON:GRG) to a hold rating in a research report report published on Monday, MarketBeat reports. Jefferies Financial Group currently has GBX 1,610 target price on the stock, down from their previous target price of GBX 2,500.

A number of other analysts also recently issued reports on GRG. JPMorgan Chase & Co. initiated coverage on Greggs in a report on Friday, December 5th. They set an “overweight” rating and a GBX 2,110 price target for the company. Berenberg Bank cut their target price on Greggs from GBX 2,640 to GBX 2,170 and set a “buy” rating on the stock in a research report on Thursday, January 8th. Three 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’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of GBX 1,845.

Greggs Trading Down 2.3%

LON GRG opened at GBX 1,599 on Monday. Greggs has a 52 week low of GBX 1,407.20 and a 52 week high of GBX 2,237.88. The firm has a 50 day moving average of GBX 1,667.49 and a two-hundred day moving average of GBX 1,623.28. The company has a quick ratio of 0.88, a current ratio of 0.80 and a debt-to-equity ratio of 66.19. The stock has a market capitalization of £1.63 billion, a PE ratio of 11.33, a price-to-earnings-growth ratio of 3.39 and a beta of 1.43.

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