Royal Bank Of Canada Has Lowered Expectations for Greggs (LON:GRG) Stock Price

Greggs (LON:GRG) had its target price decreased by analysts at Royal Bank Of Canada from GBX 1,970 to GBX 1,830 in a research note issued on Tuesday,Digital Look reports. The brokerage presently has an “outperform” rating on the stock. Royal Bank Of Canada’s target price indicates a potential upside of 9.45% from the stock’s previous close.

Several other research analysts have also commented on GRG. JPMorgan Chase & Co. reduced their price target on Greggs from GBX 2,060 to GBX 2,050 and set an “overweight” rating on the stock in a report on Wednesday, March 4th. Berenberg Bank lowered their price objective on 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, Jefferies Financial Group lowered shares of Greggs to a “hold” rating and dropped their price target for the company from GBX 2,500 to GBX 1,610 in a research note on Monday, February 9th. Three research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of GBX 1,775.

Greggs Trading Up 0.6%

GRG opened at GBX 1,672 on Tuesday. The company has a market capitalization of £1.70 billion, a P/E ratio of 11.85, a PEG ratio of 3.39 and a beta of 1.28. The stock’s fifty day moving average is GBX 1,641.07 and its two-hundred day moving average is GBX 1,623.13. The company has a quick ratio of 0.88, a current ratio of 0.56 and a debt-to-equity ratio of 75.94. Greggs has a 52 week low of GBX 1,407.20 and a 52 week high of GBX 2,237.88.

Greggs (LON:GRG) last announced its earnings results on Wednesday, March 4th. The company reported GBX 120 earnings per share (EPS) for the quarter. Greggs had a return on equity of 20.47% and a net margin of 5.68%. Analysts forecast that Greggs will post 142.3763386 earnings per share 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.