Greggs (GRG) Price Target Increased to GBX 1,500 by Analysts at UBS Group
Greggs (LON:GRG) had its target price increased by UBS Group from GBX 1,400 ($18.29) to GBX 1,500 ($19.60) in a report published on Wednesday morning, www.digitallook.com reports. UBS Group currently has a buy rating on the stock.
A number of other research analysts have also recently commented on the stock. Barclays cut their price target on shares of Greggs from GBX 1,405 ($18.36) to GBX 1,400 ($18.29) and set an equal weight rating for the company in a research note on Tuesday, December 4th. Shore Capital restated a hold rating on shares of Greggs in a research note on Tuesday, November 27th. Finally, Peel Hunt upgraded shares of Greggs to a hold rating and raised their price target for the stock from GBX 950 ($12.41) to GBX 1,300 ($16.99) in a research note on Tuesday, November 27th. Five research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Greggs presently has a consensus rating of Hold and an average price target of GBX 1,433 ($18.72).
GRG traded up GBX 37 ($0.48) during midday trading on Wednesday, reaching GBX 1,496 ($19.55). 838,414 shares of the company’s stock were exchanged, compared to its average volume of 278,094. Greggs has a one year low of GBX 994.50 ($12.99) and a one year high of GBX 1,400.25 ($18.30).
Greggs plc operates as a bakery food-on-the-go retailer in the United Kingdom. It offers a range of fresh and frozen bakery products, sandwiches, drinks, snacks, small cakes and muffins, breakfast products, and sweet bakery treats, as well as porridges, salads, and soups. The company sells its products through its shops in travel, leisure, and work-centered catchments; and franchised stores in motorway service stations and petrol forecourts.
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