Greggs plc (GRG) Receives GBX 1,216.25 Consensus PT from Analysts
Shares of Greggs plc (LON:GRG) have been assigned an average rating of “Buy” from the five brokerages that are presently covering the firm. Two analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is GBX 1,216.25 ($15.20).
A number of research analysts have issued reports on GRG shares. Peel Hunt reissued a “buy” rating and issued a GBX 1,320 ($16.49) price target on shares of Greggs plc in a report on Tuesday, August 2nd. Canaccord Genuity decreased their price target on Greggs plc from GBX 1,325 ($16.55) to GBX 1,300 ($16.24) and set a “buy” rating for the company in a report on Tuesday, August 2nd. Finally, Investec reissued a “buy” rating and issued a GBX 1,250 ($15.62) price target on shares of Greggs plc in a report on Tuesday, August 2nd.
Greggs plc (LON:GRG) opened at 920.00 on Tuesday. The stock’s market capitalization is GBX 923.69 million. The company has a 50 day moving average of GBX 970.99 and a 200-day moving average of GBX 1,025.84. Greggs plc has a 12-month low of GBX 869.00 and a 12-month high of GBX 1,335.00.
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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