Greggs plc (GRG) PT Raised to GBX 1,350
Greggs plc (LON:GRG) had its target price lifted by analysts at Berenberg Bank from GBX 1,300 ($17.24) to GBX 1,350 ($17.91) in a research report issued on Thursday. The firm currently has a “buy” rating on the stock. Berenberg Bank’s target price indicates a potential upside of 6.72% from the stock’s current price.
Several other brokerages have also recently commented on GRG. Shore Capital restated a “hold” rating on shares of Greggs plc in a report on Tuesday. Investec reiterated a “buy” rating and issued a GBX 1,225 ($16.25) price target on shares of Greggs plc in a research note on Tuesday, August 1st. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of GBX 1,155 ($15.32).
Greggs plc (GRG) opened at 1265.00 on Thursday. Greggs plc has a 12-month low of GBX 891.17 and a 12-month high of GBX 1,304.84. The stock’s 50 day moving average is GBX 1,210.86 and its 200-day moving average is GBX 1,116.77. The company’s market cap is GBX 1.27 billion.
In other news, insider Richard Hutton sold 24,949 shares of the stock in a transaction dated Thursday, October 5th. The shares were sold at an average price of GBX 1,292 ($17.14), for a total value of £322,341.08 ($427,564.77).
Greggs plc Company Profile
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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