Greggs (LON:GRG) Rating Reiterated by Shore Capital

Greggs (LON:GRG)‘s stock had its “hold” rating reiterated by equities researchers at Shore Capital in a report issued on Tuesday, Marketbeat Ratings reports.

Other equities analysts also recently issued reports about the stock. Royal Bank of Canada restated an “overweight” rating and issued a GBX 3,335 ($43.61) target price on shares of Greggs in a research note on Wednesday, May 15th. Berenberg Bank upped their target price on shares of Greggs from GBX 3,340 ($43.68) to GBX 3,600 ($47.08) and gave the stock a “buy” rating in a research note on Wednesday, July 31st.

Greggs Price Performance

Shares of GRG stock opened at GBX 3,130 ($40.93) on Tuesday. The company has a debt-to-equity ratio of 66.19, a current ratio of 0.80 and a quick ratio of 0.88. The company has a market capitalization of £3.18 billion, a P/E ratio of 2,336.56, a P/E/G ratio of 3.39 and a beta of 1.43. The company’s 50-day simple moving average is GBX 3,029.67 and its two-hundred day simple moving average is GBX 2,887.50. Greggs has a one year low of GBX 2,244 ($29.34) and a one year high of GBX 3,230 ($42.24).

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.