Greggs plc (LON:GRG) was upgraded by equities research analysts at Berenberg Bank to a “buy” rating in a report released on Thursday. The brokerage presently has a GBX 1,300 ($16.93) price objective on the stock, up from their previous price objective of GBX 1,020 ($13.28). Berenberg Bank’s price target would suggest a potential upside of 16.38% from the company’s previous close.

A number of other equities analysts also recently issued reports on GRG. Shore Capital reiterated a “hold” rating on shares of Greggs plc in a research note on Wednesday. Investec reiterated a “buy” rating and set a GBX 1,225 ($15.95) price objective on shares of Greggs plc in a research note on Tuesday, August 1st. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of GBX 1,145 ($14.91).

Shares of Greggs plc (LON GRG) opened at 1159.00 on Thursday. The company’s 50-day moving average price is GBX 1,095.79 and its 200 day moving average price is GBX 1,059.12. Greggs plc has a 1-year low of GBX 891.17 and a 1-year high of GBX 1,162.00. The company’s market cap is GBX 1.16 billion.

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In other Greggs plc news, insider Richard Hutton acquired 449 shares of the company’s stock in a transaction dated Thursday, June 1st. The shares were purchased at an average cost of GBX 465 ($6.06) per share, for a total transaction of £2,087.85 ($2,718.91).

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.

Analyst Recommendations for Greggs plc (LON:GRG)

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