Shares of Greggs plc (LON:GRG) have been assigned an average recommendation of “Hold” from the eight analysts that are currently covering the stock, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, five have given a hold recommendation and one has given a buy recommendation to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is GBX 1,932.86 ($25.26).
A number of brokerages have recently weighed in on GRG. UBS Group reaffirmed a “buy” rating and set a GBX 2,300 ($30.05) target price on shares of Greggs in a research note on Tuesday, October 1st. Peel Hunt reaffirmed a “reduce” rating and set a GBX 2,000 ($26.13) target price on shares of Greggs in a research note on Thursday, October 3rd. Canaccord Genuity reaffirmed a “hold” rating and set a GBX 2,050 ($26.79) target price on shares of Greggs in a research note on Tuesday, October 1st. Peel Hunt reaffirmed a “reduce” rating and set a GBX 2,000 ($26.13) target price on shares of Greggs in a research note on Thursday, October 3rd. Finally, Shore Capital reaffirmed a “hold” rating on shares of Greggs in a research note on Tuesday, October 1st.
Shares of GRG traded down GBX 12 ($0.16) during trading hours on Friday, reaching GBX 1,870 ($24.43). 463,321 shares of the company traded hands, compared to its average volume of 278,094. The company’s fifty day moving average price is GBX 1,963.06 and its two-hundred day moving average price is GBX 2,063.82. The company has a market capitalization of $1.88 billion and a price-to-earnings ratio of 25.13. The company has a quick ratio of 0.61, a current ratio of 0.74 and a debt-to-equity ratio of 82.57. Greggs has a 12 month low of GBX 1,108 ($14.48) and a 12 month high of GBX 2,496 ($32.61).
In related news, insider Roger Whiteside sold 15,878 shares of Greggs stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of GBX 2,264 ($29.58), for a total transaction of £359,477.92 ($469,721.57).
Greggs Company Profile
Greggs plc operates as a bakery food-on-the-go retailer in the United Kingdom. It offers a range of fresh and frozen bakery products, sandwiches, drinks, snacks, small cakes and muffins, breakfast products, and sweet bakery treats, as well as porridges, salads, and soups. The company sells its products through its shops in travel, leisure, and work-centered catchments; and franchised stores in motorway service stations and petrol forecourts.
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