Deutsche Bank Aktiengesellschaft reaffirmed their sell rating on shares of Greggs (LON:GRG - Free Report) in a report published on Thursday, Marketbeat reports. The firm currently has a GBX 1,330 ($18.16) price target on the stock.
Several other analysts also recently commented on the company. Shore Capital reiterated a "buy" rating on shares of Greggs in a research note on Tuesday, May 20th. Berenberg Bank cut their target price on Greggs from GBX 3,250 ($44.37) to GBX 3,040 ($41.50) and set a "buy" rating on the stock in a research note on Wednesday.
Read Our Latest Stock Report on Greggs
Greggs Stock Up 1.5%
GRG traded up GBX 25 ($0.34) during trading on Thursday, hitting GBX 1,700 ($23.21). 1,061,191 shares of the company's stock traded hands, compared to its average volume of 1,254,579. The company's 50 day simple moving average is GBX 1,944.89 and its two-hundred day simple moving average is GBX 2,050.10. 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 1,645 ($22.46) and a 12-month high of GBX 3,250 ($44.37). The stock has a market capitalization of £1.71 billion, a price-to-earnings ratio of 12.61, a PEG ratio of 3.39 and a beta of 1.43.
Insider Buying and Selling
In other Greggs news, insider Roisin Currie bought 64 shares of the business's stock in a transaction on Saturday, June 14th. The shares were acquired at an average cost of GBX 2,791 ($38.10) per share, for a total transaction of £1,786.24 ($2,438.55). Corporate insiders own 5.89% of the company's stock.
About Greggs
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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.
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