Berenberg Bank Lowers Greggs (LON:GRG) Price Target to GBX 3,390

Greggs (LON:GRG - Get Free Report) had its target price cut by investment analysts at Berenberg Bank from GBX 3,550 ($43.85) to GBX 3,390 ($41.87) in a report issued on Thursday, MarketBeat.com reports. The firm presently has a "buy" rating on the stock. Berenberg Bank's price objective would suggest a potential upside of 25.56% from the stock's previous close.

Separately, Jefferies Financial Group reaffirmed a "buy" rating and issued a GBX 3,450 ($42.61) price target on shares of Greggs in a report on Wednesday, March 20th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of GBX 3,035 ($37.49).

Greggs Price Performance

LON GRG traded up GBX 12 ($0.15) during trading hours on Thursday, reaching GBX 2,700 ($33.35). The company's stock had a trading volume of 176,867 shares, compared to its average volume of 229,991. The firm has a market capitalization of £2.74 billion, a price-to-earnings ratio of 1,942.45, a P/E/G ratio of 3.39 and a beta of 1.28. Greggs has a 1-year low of GBX 2,244 ($27.72) and a 1-year high of GBX 2,914 ($35.99). The company has a debt-to-equity ratio of 60.20, a current ratio of 1.09 and a quick ratio of 0.88. The company's 50-day moving average is GBX 2,794.53 and its two-hundred day moving average is GBX 2,628.88.

Insider Buying and Selling at Greggs

In other Greggs news, insider Richard Hutton sold 18,005 shares of the stock in a transaction that occurred on Tuesday, April 9th. The stock was sold at an average price of GBX 2,758 ($34.07), for a total transaction of £496,577.90 ($613,362.03). In other Greggs news, insider Richard Hutton sold 18,005 shares of the stock in a transaction that occurred on Tuesday, April 9th. The stock was sold at an average price of GBX 2,758 ($34.07), for a total transaction of £496,577.90 ($613,362.03). Also, insider Roisin Currie bought 65 shares of Greggs stock in a transaction on Thursday, April 11th. The shares were purchased at an average cost of GBX 2,766 ($34.17) per share, with a total value of £1,797.90 ($2,220.73). Insiders own 5.88% of the company's stock.

Greggs Company Profile

Greggs plc operates as a food-on-the-go retailer in the United Kingdom. It offers a range of fresh bakery products, sandwiches, and drinks. The company sells products to franchise and wholesale partners for sale in their own outlets. It is also involved in the property holding, non-trading, and trustee businesses.