Greggs (LON:GRG) Given "Hold" Rating at Jefferies Financial Group

Key Points

• Jefferies reiterated a "Hold" rating on Greggs with a GBX 1,610 price target, implying about a 2.07% downside from the prior close.
• Analyst consensus is a Hold with an average price target of GBX 1,775; the breakdown is 3 Buy, 3 Hold and 1 Sell.
• Shares traded at GBX 1,644 (up GBX 39.50) with a market cap of £1.67bn, a PE of 13.78 and a 12‑month range of GBX 1,407.20–2,237.88.

Greggs (LON:GRG - Get Free Report)'s stock had its "hold" rating reiterated by equities researchers at Jefferies Financial Group in a note issued to investors on Tuesday,London Stock Exchange reports. They presently have a GBX 1,610 price target on the stock. Jefferies Financial Group's price objective would suggest a potential downside of 2.07% from the company's previous close.

Several other equities analysts have also commented on the company. Royal Bank Of Canada dropped their target price on Greggs from GBX 1,970 to GBX 1,830 and set an "outperform" rating for the company in a research note on Tuesday, March 10th. JPMorgan Chase & Co. dropped their target price on Greggs from GBX 2,060 to GBX 2,050 and set an "overweight" rating for the company in a research note on Wednesday, March 4th. Finally, Berenberg Bank dropped their target price on Greggs from GBX 2,640 to GBX 2,170 and set a "buy" rating for the company in a research note on Thursday, January 8th. Three investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Greggs presently has a consensus rating of "Hold" and an average price target of GBX 1,775.

Greggs Price Performance

Shares of LON GRG traded up GBX 39.50 during trading on Tuesday, reaching GBX 1,644. The company had a trading volume of 781,838 shares, compared to its average volume of 6,002,418. Greggs has a twelve month low of GBX 1,407.20 and a twelve month high of GBX 2,237.88. The stock has a market capitalization of £1.67 billion, a PE ratio of 13.78, a price-to-earnings-growth ratio of 3.39 and a beta of 1.17. The stock has a 50-day moving average price of GBX 1,594.64 and a two-hundred day moving average price of GBX 1,620.65. The company has a current ratio of 0.56, a quick ratio of 0.88 and a debt-to-equity ratio of 75.94.

Greggs (LON:GRG - Get Free Report) last released its quarterly earnings results on Wednesday, March 4th. The company reported GBX 120 earnings per share for the quarter. Greggs had a return on equity of 20.47% and a net margin of 5.68%. As a group, sell-side analysts predict 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 2,700 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.

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