Greggs (LON:GRG) Receives “Hold” Rating from Peel Hunt

Greggs (LON:GRG)‘s stock had its “hold” rating reiterated by equities researchers at Peel Hunt in a note issued to investors on Tuesday, MarketBeat reports. They currently have a GBX 1,660 ($22.01) price objective on the stock. Peel Hunt’s price target would suggest a potential upside of 5.93% from the stock’s previous close.

A number of other equities research analysts have also recently commented on GRG. Deutsche Bank Aktiengesellschaft reissued a “sell” rating and issued a GBX 1,330 ($17.63) price objective on shares of Greggs in a research note on Thursday, July 3rd. Berenberg Bank dropped their price objective on shares of Greggs from GBX 3,250 ($43.09) to GBX 3,040 ($40.31) and set a “buy” rating on the stock in a research note on Wednesday, July 2nd. Finally, Shore Capital reissued a “hold” rating on shares of Greggs in a research report on Tuesday.

Greggs Price Performance

Shares of LON GRG opened at GBX 1,567 ($20.78) on Tuesday. The company’s 50 day moving average price is GBX 1,869.23 and its 200-day moving average price is GBX 1,918.60. The company has a debt-to-equity ratio of 66.19, a quick ratio of 0.88 and a current ratio of 0.80. Greggs has a 52-week low of GBX 1,499 ($19.88) and a 52-week high of GBX 3,250 ($43.09). The company has a market capitalization of £1.58 billion, a P/E ratio of 11.62, a price-to-earnings-growth ratio of 3.39 and a beta of 1.43.

Insider Transactions at Greggs

In other Greggs news, insider Roisin Currie purchased 64 shares of the stock in a transaction on Saturday, June 14th. The stock was acquired 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 currently owned by corporate insiders.

About Greggs

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.