Greggs (LON:GRG) Earns "Hold" Rating from Peel Hunt

Key Points

• Peel Hunt has reaffirmed its "hold" rating on Greggs (LON:GRG), setting a target price of GBX 1,660 ($22.18), which suggests a potential 3.75% upside from the last closing price.
• Other analysts have mixed views on Greggs, with Deutsche Bank issuing a "sell" rating and a target price of GBX 1,330 ($17.77), while Berenberg Bank set a "buy" rating but reduced their price target to GBX 3,040 ($40.61).
• Greggs currently has a market capitalization of £1.61 billion and has experienced a price range over the past year between GBX 1,499 ($20.03) and GBX 3,250 ($43.42).

Peel Hunt reiterated their hold rating on shares of Greggs (LON:GRG - Free Report) in a report released on Tuesday, MarketBeat.com reports. They currently have a GBX 1,660 ($22.03) price objective on the stock.

Several other analysts have also commented on GRG. Berenberg Bank cut their price objective on Greggs from GBX 3,250 ($43.14) to GBX 3,040 ($40.35) and set a "buy" rating for the company in a report on Wednesday, July 2nd. Shore Capital restated a "hold" rating on shares of Greggs in a research report on Tuesday. Finally, Deutsche Bank Aktiengesellschaft restated a "sell" rating and issued a GBX 1,330 ($17.65) price objective on shares of Greggs in a research report on Thursday, July 3rd.

Greggs Stock Up 0.8%

Shares of Greggs stock traded up GBX 12 ($0.16) on Tuesday, reaching GBX 1,592 ($21.13). The company's stock had a trading volume of 591,831 shares, compared to its average volume of 1,163,534. The company has a market capitalization of £1.61 billion, a price-to-earnings ratio of 11.81, a P/E/G ratio of 3.39 and a beta of 1.43. The firm's fifty day simple moving average is GBX 1,848.64 and its two-hundred day simple moving average is GBX 1,911.54. Greggs has a 52 week low of GBX 1,499 ($19.90) and a 52 week high of GBX 3,250 ($43.14). The company has a quick ratio of 0.88, a current ratio of 0.80 and a debt-to-equity ratio of 66.19.

Insiders Place Their Bets

In other Greggs news, insider Roisin Currie bought 64 shares of the business's stock in a transaction dated Saturday, June 14th. The shares were purchased at an average price of GBX 2,791 ($37.05) per share, with a total value of £1,786.24 ($2,370.91). 5.89% of the stock is owned by insiders.

Greggs Company Profile

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.