Peel Hunt Reaffirms Hold Rating for Greggs (LON:GRG)

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 restated their hold rating on shares of Greggs (LON:GRG - Free Report) in a research report released on Tuesday, Marketbeat reports. They currently have a GBX 1,660 ($22.01) target price on the stock.

Several other equities research analysts also recently weighed in on GRG. Deutsche Bank Aktiengesellschaft reissued a "sell" rating and issued a GBX 1,330 ($17.63) target price on shares of Greggs in a research report on Thursday, July 3rd. Shore Capital reaffirmed a "hold" rating on shares of Greggs in a research report on Tuesday. Finally, Berenberg Bank lowered their price objective on shares of Greggs from GBX 3,250 ($43.09) to GBX 3,040 ($40.31) and set a "buy" rating for the company in a research report on Wednesday, July 2nd.

Greggs Price Performance

Shares of GRG remained flat at GBX 1,567 ($20.78) during midday trading on Tuesday. 782,630 shares of the stock traded hands, compared to its average volume of 1,170,769. The firm has a 50 day moving average price of GBX 1,881.17 and a 200 day moving average price of GBX 1,921.04. The stock has a market cap of £1.58 billion, a PE ratio of 11.62, a price-to-earnings-growth ratio of 3.39 and a beta of 1.43. Greggs has a one year low of GBX 1,499 ($19.88) and a one year high of GBX 3,250 ($43.09). The company has a current ratio of 0.80, a quick ratio of 0.88 and a debt-to-equity ratio of 66.19.

Insider Transactions at Greggs

In other news, insider Roisin Currie bought 64 shares of Greggs stock in a transaction on Saturday, June 14th. The stock was purchased at an average cost of GBX 2,791 ($37.01) per share, with a total value of £1,786.24 ($2,368.39). 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.