Greggs plc (GRG) Stock Rating Reaffirmed by Shore Capital
Greggs plc (LON:GRG)‘s stock had its “hold” rating reaffirmed by stock analysts at Shore Capital in a research note issued on Tuesday.
A number of other analysts have also recently commented on the company. Investec reiterated a “buy” rating and set a GBX 1,225 ($16.25) target price on shares of Greggs plc in a research report on Tuesday, August 1st. Berenberg Bank upgraded Greggs plc to a “buy” rating and lifted their target price for the stock from GBX 1,020 ($13.53) to GBX 1,300 ($17.24) in a research report on Thursday, August 10th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of GBX 1,155 ($15.32).
Shares of Greggs plc (GRG) opened at 1293.00 on Tuesday. Greggs plc has a 1-year low of GBX 891.17 and a 1-year high of GBX 1,304.00. The firm’s 50-day moving average price is GBX 1,205.54 and its 200 day moving average price is GBX 1,114.55. The stock’s market cap is GBX 1.30 billion.
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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