Greggs plc (LON:GRG) Stock Has Consensus Price Target of GBX 1,962.86 According to Analysts

Greggs plc (LON:GRG) has been given an average rating of “Hold” by the seven brokerages that are presently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating on the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is GBX 1,962.86.

Several research firms have issued reports on GRG. Berenberg Bank upped their price objective on Greggs from GBX 2,200 to GBX 2,300 and gave the stock a “buy” rating in a report on Thursday, October 1st. Shore Capital Group reiterated a “hold” rating and issued a GBX 1,910 price objective on shares of Greggs in a research report on Wednesday, September 30th. Jefferies Financial Group lifted their target price on Greggs from GBX 1,610 to GBX 1,740 and gave the company a “hold” rating in a research note on Friday, August 28th. Royal Bank Of Canada boosted their target price on Greggs from GBX 1,830 to GBX 1,960 and gave the stock a “sector perform” rating in a research report on Friday, July 31st. Finally, JPMorgan Chase & Co. boosted their target price on Greggs from GBX 2,050 to GBX 2,210 and gave the stock an “outperform” rating in a research report on Thursday, July 30th.

Greggs Price Performance

Shares of GRG stock opened at GBX 2,361.11 on Friday. Greggs has a 1 year low of GBX 1,407.20 and a 1 year high of GBX 2,414. The company has a current ratio of 0.52, a quick ratio of 0.88 and a debt-to-equity ratio of 74.16. The firm’s 50 day moving average is GBX 2,078.53 and its 200-day moving average is GBX 1,764.54. The firm has a market capitalization of £2.41 billion, a price-to-earnings ratio of 18.32, a PEG ratio of 3.39 and a beta of 1.16.

Greggs Company Profile

Greggs is a leading UK food-on-the-go retailer with more than 2,700 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.