Key Points
- Insider buying: Greggs insider Richard Smothers purchased 1,615 shares on May 19 for a total of £274.55, signaling a small insider investment in the company.
- Stock performance and valuation: Greggs shares were down 1.1% and opened at GBX 1,705.77, with the stock trading between a 52-week low of GBX 1,407.20 and high of GBX 2,237.88. The company’s market cap is about £1.74 billion.
- Analyst sentiment remains mixed: Research firms are split, with four Buy ratings, three Hold ratings, and one Sell rating, leading to an overall consensus rating of Hold and an average price target of GBX 1,824.29.
Greggs plc (LON:GRG - Get Free Report) insider Richard Smothers bought 1,615 shares of the stock in a transaction on Tuesday, May 19th. The stock was purchased at an average cost of GBX 17 per share, for a total transaction of £274.55.
Greggs Stock Down 1.1%
GRG stock opened at GBX 1,705.77 on Wednesday. Greggs plc has a fifty-two week low of GBX 1,407.20 and a fifty-two week high of GBX 2,237.88. The business's 50-day moving average is GBX 1,591.28 and its two-hundred day moving average is GBX 1,611.70. The company has a debt-to-equity ratio of 75.94, a quick ratio of 0.88 and a current ratio of 0.56. The company has a market cap of £1.74 billion, a price-to-earnings ratio of 14.30, a P/E/G ratio of 3.39 and a beta of 1.13.
Greggs (LON:GRG - Get Free Report) last posted its earnings results on Wednesday, March 4th. The company reported GBX 120 earnings per share for the quarter. Greggs had a return on equity of 20.47% and a net margin of 5.68%. As a group, analysts forecast that Greggs plc will post 142.3763386 earnings per share for the current year.
Analyst Upgrades and Downgrades
Several research analysts have weighed in on the stock. Berenberg Bank reiterated a "buy" rating and issued a GBX 2,090 price target on shares of Greggs in a research report on Thursday, May 14th. JPMorgan Chase & Co. decreased their price target on shares of Greggs from GBX 2,060 to GBX 2,050 and set an "overweight" rating on the stock in a research report on Wednesday, March 4th. Jefferies Financial Group reiterated a "hold" rating and issued a GBX 1,610 price target on shares of Greggs in a research report on Tuesday, May 12th. UBS Group reiterated a "buy" rating and issued a GBX 2,200 price target on shares of Greggs in a research report on Monday, May 11th. Finally, Royal Bank Of Canada decreased their price target on shares of Greggs from GBX 1,970 to GBX 1,830 and set an "outperform" rating on the stock in a research report on Tuesday, March 10th. Four analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Greggs presently has a consensus rating of "Hold" and a consensus price target of GBX 1,824.29.
Get Our Latest Stock Report on GRG
Greggs Company Profile
(
Get Free Report)
Greggs is a leading UK food-on-the-go retailer with more than 2,700 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. Greggs also offers a healthier options range which includes a selection of gluten-free, vegan-friendly and lower calorie products.
Further Reading
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
