Greggs (GRG) PT Lowered to GBX 1,400
Greggs (LON:GRG) had its target price dropped by equities research analysts at Barclays from GBX 1,405 ($18.36) to GBX 1,400 ($18.29) in a report released on Tuesday. The brokerage presently has an “equal weight” rating on the stock. Barclays’ price target would indicate a potential upside of 1.23% from the stock’s current price.
A number of other research firms have also weighed in on GRG. Peel Hunt upgraded Greggs to a “hold” rating and lifted their price objective for the company from GBX 950 ($12.41) to GBX 1,300 ($16.99) in a research note on Tuesday, November 27th. Shore Capital reiterated a “hold” rating on shares of Greggs in a research note on Tuesday, November 27th. Finally, UBS Group reiterated a “buy” rating on shares of Greggs in a research note on Friday, October 26th. Five analysts have rated the stock with a hold rating and one has given a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of GBX 1,366.25 ($17.85).
LON GRG opened at GBX 1,383 ($18.07) on Tuesday. Greggs has a fifty-two week low of GBX 994.50 ($12.99) and a fifty-two week high of GBX 1,400.25 ($18.30).
Greggs plc operates as a bakery food-on-the-go retailer in the United Kingdom. It offers a range of fresh and frozen bakery products, sandwiches, drinks, snacks, small cakes and muffins, breakfast products, and sweet bakery treats, as well as porridges, salads, and soups. The company sells its products through its shops in travel, leisure, and work-centered catchments; and franchised stores in motorway service stations and petrol forecourts.
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