Greggs (LON:GRG) Rating Reiterated by Shore Capital

Greggs (LON:GRG)‘s stock had its “hold” rating reaffirmed by stock analysts at Shore Capital in a note issued to investors on Tuesday, Digital Look reports.

Several other research analysts have also recently commented on the stock. Royal Bank of Canada reiterated an “overweight” rating and set a GBX 3,335 ($43.61) price target on shares of Greggs in a report on Wednesday, May 15th. Berenberg Bank boosted their target price on Greggs from GBX 3,340 ($43.68) to GBX 3,600 ($47.08) and gave the company a “buy” rating in a report on Wednesday, July 31st.

Greggs Trading Up 0.4 %

Shares of Greggs stock traded up GBX 12 ($0.16) on Tuesday, reaching GBX 3,158 ($41.30). The company had a trading volume of 71,655 shares, compared to its average volume of 271,879. The company has a debt-to-equity ratio of 66.19, a quick ratio of 0.88 and a current ratio of 0.80. The firm has a market cap of £3.20 billion, a PE ratio of 2,353.73, a PEG ratio of 3.39 and a beta of 1.43. The firm’s 50 day moving average price is GBX 3,013.45 and its two-hundred day moving average price is GBX 2,882.05. Greggs has a 52-week low of GBX 2,244 ($29.34) and a 52-week high of GBX 3,230 ($42.24).

Insider Transactions at Greggs

In other news, insider Roisin Currie bought 58 shares of Greggs stock in a transaction on Thursday, June 13th. The shares were bought at an average cost of GBX 2,846 ($37.22) per share, for a total transaction of £1,650.68 ($2,158.60). Corporate insiders own 5.96% of the company’s stock.

Greggs Company Profile

Greggs plc operates as a food-on-the-go retailer in the United Kingdom. It offers a range of fresh bakery products, sandwiches, and drinks. The company sells products to franchise and wholesale partners for sale in their own outlets. It is also involved in the property holding, non-trading, and trustee businesses.