Greggs plc (GRG) Now Covered by Barclays PLC
Stock analysts at Barclays PLC initiated coverage on shares of Greggs plc (LON:GRG) in a report issued on Monday. The brokerage set an “equal weight” rating and a GBX 1,405 ($18.48) price target on the stock. Barclays PLC’s target price would suggest a potential upside of 3.23% from the company’s previous close.
Several other equities research analysts have also recently commented on GRG. Investec reaffirmed a “buy” rating and set a GBX 1,225 ($16.11) price objective on shares of Greggs plc in a research report on Tuesday, August 1st. Shore Capital reaffirmed a “hold” rating on shares of Greggs plc in a research report on Wednesday, August 9th. Berenberg Bank raised Greggs plc to a “buy” rating and increased their price objective for the company from GBX 1,020 ($13.42) to GBX 1,300 ($17.10) in a research report on Thursday, August 10th. Finally, Canaccord Genuity increased their price objective on Greggs plc from GBX 1,000 ($13.15) to GBX 1,300 ($17.10) and gave the company a “hold” rating in a research report on Thursday, October 12th. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Greggs plc has an average rating of “Hold” and a consensus target price of GBX 1,246.67 ($16.40).
Greggs plc (GRG) opened at GBX 1,361 ($17.90) on Monday. Greggs plc has a fifty-two week low of GBX 891.17 ($11.72) and a fifty-two week high of GBX 1,367 ($17.98).
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In other Greggs plc news, insider Richard Hutton sold 24,949 shares of the stock in a transaction dated Thursday, October 5th. The stock was sold at an average price of GBX 1,292 ($16.99), for a total value of £322,341.08 ($423,965.65).
About Greggs plc
Greggs plc is a United Kingdom-based bakery food on-the-go retailer. The Company’s products and services consist of a range of fresh bakery goods, sandwiches and drinks in its shop. The Company also provides frozen bakery products to its wholesale customers. The Company owns approximately 1,698 shops, 12 regional bakeries, one distribution center and one manufacturing center.
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