Greggs plc (LON:GRG) Stock Rating Reaffirmed by Investec

Greggs plc (LON:GRG)‘s stock had its “buy” rating restated by stock analysts at Investec in a research report issued to clients and investors on Tuesday, August 1st. They currently have a GBX 1,225 ($15.90) price target on the stock. Investec’s target price indicates a potential upside of 4.17% from the company’s current price.

Other equities research analysts have also issued research reports about the stock. Berenberg Bank reaffirmed a “hold” rating and set a GBX 1,020 ($13.24) target price on shares of Greggs plc in a report on Wednesday, May 31st. Shore Capital reaffirmed a “hold” rating on shares of Greggs plc in a report on Thursday, May 18th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of GBX 1,145 ($14.86).

Greggs plc (LON GRG) opened at 1176.00 on Tuesday. The company’s market capitalization is GBX 1.18 billion. The firm has a 50-day moving average of GBX 1,106.32 and a 200 day moving average of GBX 1,067.37. Greggs plc has a 52-week low of GBX 891.17 and a 52-week high of GBX 1,191.25.

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In other news, insider Richard Hutton acquired 449 shares of the company’s stock in a transaction that occurred on Thursday, June 1st. The stock was purchased at an average price of GBX 465 ($6.04) per share, with a total value of £2,087.85 ($2,710.44).

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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