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

Greggs (LON:GRG)‘s stock had its “hold” rating reissued by equities research analysts at Peel Hunt in a research report issued to clients and investors on Wednesday, MarketBeat.com reports. They presently have a GBX 1,660 price objective on the stock. Peel Hunt’s target price would suggest a potential upside of 0.49% from the stock’s current price.

Several other analysts also recently issued reports on the stock. Shore Capital reaffirmed a “hold” rating on shares of Greggs in a research report on Wednesday. Berenberg Bank increased their price objective on shares of Greggs from GBX 3,040 to GBX 3,060 and gave the company a “buy” rating in a research report on Wednesday, July 30th. Finally, Deutsche Bank Aktiengesellschaft reissued a “sell” rating and set a GBX 1,330 price target on shares of Greggs in a research report on Wednesday, July 30th. Three research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Greggs presently has an average rating of “Hold” and an average target price of GBX 2,148.

Greggs Stock Down 3.2%

Shares of LON:GRG opened at GBX 1,651.92 on Wednesday. The company has a quick ratio of 0.88, a current ratio of 0.80 and a debt-to-equity ratio of 66.19. Greggs has a 52-week low of GBX 1,499 and a 52-week high of GBX 2,956. The company has a 50 day moving average of GBX 1,599.89 and a two-hundred day moving average of GBX 1,770.66. The company has a market capitalization of £1.68 billion, a price-to-earnings ratio of 1,170.75, a price-to-earnings-growth ratio of 3.39 and a beta of 1.43.

Insider Buying and Selling at Greggs

In related news, insider Matthew Davies purchased 1,249 shares of the firm’s stock in a transaction dated Wednesday, August 20th. The stock was acquired at an average price of GBX 1,600 per share, with a total value of £19,984. Insiders own 0.56% of the company’s stock.

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.