Greggs (LON:GRG) Receives Hold Rating from Shore Capital

Shore Capital reaffirmed their hold rating on shares of Greggs (LON:GRG) in a research report report published on Monday morning, Digital Look reports.

A number of other brokerages have also recently issued reports on GRG. Canaccord Genuity upped their target price on Greggs from GBX 2,050 ($26.79) to GBX 2,100 ($27.44) and gave the stock a hold rating in a report on Monday, November 11th. Barclays upped their target price on Greggs from GBX 1,610 ($21.04) to GBX 1,760 ($23.00) and gave the stock an equal weight rating in a report on Tuesday, October 22nd. UBS Group reaffirmed a buy rating and issued a GBX 2,300 ($30.05) target price on shares of Greggs in a report on Tuesday, November 12th. Peel Hunt reissued a reduce rating and issued a GBX 2,000 ($26.13) price target on shares of Greggs in a research note on Thursday, October 3rd. Finally, Peel Hunt reissued a reduce rating on shares of Greggs in a research note on Monday. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company. Greggs currently has a consensus rating of Hold and an average target price of GBX 1,991.43 ($26.02).

GRG traded down GBX 14 ($0.18) on Monday, reaching GBX 2,050 ($26.79). The stock had a trading volume of 280,837 shares, compared to its average volume of 278,094. Greggs has a fifty-two week low of GBX 1,170 ($15.29) and a fifty-two week high of GBX 2,496 ($32.61). The firm has a 50-day moving average of GBX 1,860.66 and a 200-day moving average of GBX 2,068.76. The company has a current ratio of 0.74, a quick ratio of 0.61 and a debt-to-equity ratio of 82.57. The company has a market capitalization of $2.07 billion and a price-to-earnings ratio of 27.55.

In other news, insider Roger Whiteside sold 1,194 shares of the stock in a transaction dated Monday, October 7th. The stock was sold at an average price of GBX 1,804 ($23.57), for a total value of £21,539.76 ($28,145.51).

Greggs Company Profile

Greggs plc operates as a bakery food-on-the-go retailer in the United Kingdom. It offers a range of fresh and frozen bakery products, sandwiches, drinks, snacks, small cakes and muffins, breakfast products, and sweet bakery treats, as well as porridges, salads, and soups. The company sells its products through its shops in travel, leisure, and work-centered catchments; and franchised stores in motorway service stations and petrol forecourts.

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Analyst Recommendations for Greggs (LON:GRG)

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