Shares of Greggs plc (LON:GRG) have earned a consensus recommendation of “Hold” from the seven ratings firms that are covering the company, Marketbeat reports. Seven analysts have rated the stock with a hold recommendation. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is GBX 1,765 ($23.06).
A number of brokerages have issued reports on GRG. HSBC raised their target price on Greggs from GBX 1,600 ($20.91) to GBX 2,000 ($26.13) and gave the stock a “hold” rating in a research note on Tuesday, May 21st. Peel Hunt raised their target price on Greggs from GBX 1,500 ($19.60) to GBX 1,800 ($23.52) and gave the stock a “hold” rating in a research note on Tuesday, May 14th. Shore Capital reaffirmed a “hold” rating on shares of Greggs in a research note on Tuesday, February 19th. Canaccord Genuity reaffirmed a “hold” rating and issued a GBX 1,730 ($22.61) target price on shares of Greggs in a research note on Thursday, March 7th. Finally, Berenberg Bank raised their target price on Greggs from GBX 1,600 ($20.91) to GBX 1,780 ($23.26) and gave the stock a “hold” rating in a research note on Friday, May 17th.
GRG stock traded up GBX 46 ($0.60) during midday trading on Friday, reaching GBX 2,246 ($29.35). The stock had a trading volume of 248,240 shares, compared to its average volume of 278,094. The firm has a market capitalization of $2.26 billion and a P/E ratio of 34.82. Greggs has a 52-week low of GBX 939 ($12.27) and a 52-week high of GBX 2,250 ($29.40).
Greggs Company Profile
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.
Further Reading: Derivative
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.