Greggs (LON:GRG) Stock Rating Reaffirmed by UBS Group

Greggs (LON:GRG)‘s stock had its “buy” rating reiterated by UBS Group in a research report issued on Tuesday, ThisIsMoney.Co.Uk reports.

A number of other equities research analysts have also issued reports on GRG. Canaccord Genuity lifted their target price on shares of Greggs from GBX 2,050 ($26.79) to GBX 2,100 ($27.44) and gave the company a “hold” rating in a research note on Monday. Barclays lifted their target price on shares of Greggs from GBX 1,610 ($21.04) to GBX 1,760 ($23.00) and gave the company an “equal weight” rating in a research note on Tuesday, October 22nd. Shore Capital reissued a “hold” rating on shares of Greggs in a research note on Tuesday, October 1st. Peel Hunt reissued a “reduce” rating and set a GBX 2,000 ($26.13) target price 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 given a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of GBX 1,991.43 ($26.02).

Shares of LON:GRG opened at GBX 2,060 ($26.92) on Tuesday. The firm has a fifty day moving average of GBX 1,856.02 and a two-hundred day moving average of GBX 2,059.86. The firm has a market capitalization of $2.08 billion and a P/E ratio of 27.69. Greggs has a 12-month low of GBX 1,170 ($15.29) and a 12-month high of GBX 2,496 ($32.61). The company has a quick ratio of 0.61, a current ratio of 0.74 and a debt-to-equity ratio of 82.57.

In related news, insider Roger Whiteside sold 1,194 shares of Greggs stock in a transaction on Monday, October 7th. The shares were 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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