Greggs (LON:GRG - Free Report) had its price target lowered by Berenberg Bank from GBX 3,420 ($44.03) to GBX 3,250 ($41.84) in a research note published on Wednesday, MarketBeat reports. The firm currently has a buy rating on the stock.
Greggs Trading Down 0.7 %
Shares of Greggs stock traded down GBX 14 ($0.18) during trading hours on Wednesday, hitting GBX 1,853 ($23.86). The company's stock had a trading volume of 379,701 shares, compared to its average volume of 2,278,767. The stock has a market cap of £1.87 billion, a price-to-earnings ratio of 13.74, a P/E/G ratio of 3.39 and a beta of 1.43. 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 twelve month low of GBX 1,755 ($22.60) and a twelve month high of GBX 3,250 ($41.84). The firm has a fifty day moving average of GBX 2,204.48 and a 200-day moving average of GBX 2,651.97.
Greggs (LON:GRG - Get Free Report) last posted its earnings results on Tuesday, March 4th. The company reported GBX 150.70 ($1.94) EPS for the quarter. Greggs had a net margin of 7.13% and a return on equity of 26.79%. Research analysts forecast that Greggs will post 142.3763386 EPS for the current year.
Insiders Place Their Bets
In other Greggs news, insider Nigel Mills bought 925 shares of Greggs stock in a transaction on Friday, January 10th. The shares were bought at an average cost of GBX 2,149 ($27.67) per share, for a total transaction of £19,878.25 ($25,593.21). 5.89% of the stock is owned by insiders.
About Greggs
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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.
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