Greggs (LON:GRG) Given New GBX 3,250 Price Target at Berenberg Bank

Greggs (LON:GRG) had its target price decreased by Berenberg Bank from GBX 3,420 ($44.08) to GBX 3,250 ($41.89) in a research report sent to investors on Wednesday morning,London Stock Exchange reports. Berenberg Bank currently has a buy rating on the stock.

Greggs Trading Down 3.1 %

Shares of GRG stock traded down GBX 56 ($0.72) on Wednesday, hitting GBX 1,761 ($22.70). The company had a trading volume of 1,195,335 shares, compared to its average volume of 1,203,019. The firm has a market cap of £1.78 billion, a P/E ratio of 13.06, 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. The stock’s 50-day moving average is GBX 2,242.34 and its two-hundred day moving average is GBX 2,670.65. Greggs has a twelve month low of GBX 1,755 ($22.62) and a twelve month high of GBX 3,250 ($41.89).

Greggs (LON:GRG) last issued its earnings results on Tuesday, March 4th. The company reported GBX 150.70 ($1.94) earnings per share (EPS) for the quarter. Greggs had a return on equity of 26.79% and a net margin of 7.13%. On average, equities research analysts anticipate that Greggs will post 142.3763386 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, insider Nigel Mills acquired 925 shares of the stock in a transaction dated Friday, January 10th. The shares were purchased at an average cost of GBX 2,149 ($27.70) per share, with a total value of £19,878.25 ($25,622.91). Corporate insiders own 5.89% of the company’s stock.

About Greggs

Greggs is a leading UK food-on-the-go retailer with more than 2,400 shops nationwide and approximately 32,000 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.