Brokerages Set Greggs plc (GRG) Target Price at $1,315.00
Greggs plc (LON:GRG) has been assigned an average rating of “Hold” from the six brokerages that are covering the firm, Marketbeat reports. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 12-month price target among brokerages that have covered the stock in the last year is GBX 1,315 ($18.17).
Several equities research analysts have recently weighed in on the company. Barclays assumed coverage on Greggs in a research note on Monday, November 20th. They set an “equal weight” rating and a GBX 1,405 ($19.41) price objective for the company. Shore Capital reissued a “hold” rating on shares of Greggs in a research note on Tuesday, January 16th. Canaccord Genuity raised their price objective on Greggs from GBX 1,300 ($17.96) to GBX 1,320 ($18.24) and gave the stock a “hold” rating in a research note on Wednesday, January 17th. Peel Hunt reissued a “hold” rating and set a GBX 1,200 ($16.58) price objective on shares of Greggs in a research note on Tuesday, December 5th. Finally, Berenberg Bank raised their price objective on Greggs from GBX 1,350 ($18.65) to GBX 1,450 ($20.03) and gave the stock a “buy” rating in a research note on Thursday, February 15th.
Greggs (LON:GRG) traded down GBX 2 ($0.03) during trading hours on Friday, hitting GBX 1,211 ($16.73). The stock had a trading volume of 35,236 shares, compared to its average volume of 274,994. The company has a market capitalization of $1,230.00 and a P/E ratio of 2,162.50. Greggs has a fifty-two week low of GBX 994.50 ($13.74) and a fifty-two week high of GBX 1,400.25 ($19.35).
ILLEGAL ACTIVITY WARNING: This story was first posted by The Cerbat Gem and is owned by of The Cerbat Gem. If you are viewing this story on another website, it was copied illegally and reposted in violation of U.S. and international copyright law. The original version of this story can be read at https://www.thecerbatgem.com/2018/03/14/brokerages-set-greggs-plc-grg-target-price-at-1315-00.html.
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.
Receive News & Ratings for Greggs Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Greggs and related companies with MarketBeat.com's FREE daily email newsletter.