Greggs (GRG) Receives Hold Rating from Shore Capital

Shore Capital reissued their hold rating on shares of Greggs (LON:GRG) in a report issued on Tuesday.

A number of other equities research analysts also recently weighed in on GRG. Canaccord Genuity raised their price target on shares of Greggs from GBX 1,000 ($13.56) to GBX 1,300 ($17.63) and gave the company a hold rating in a research note on Thursday, October 12th. Peel Hunt reiterated a hold rating and issued a GBX 1,200 ($16.27) price objective on shares of Greggs in a report on Tuesday, December 5th. Berenberg Bank raised their price objective on shares of Greggs from GBX 1,300 ($17.63) to GBX 1,350 ($18.31) and gave the company a buy rating in a report on Thursday, October 5th. Finally, Barclays began coverage on shares of Greggs in a report on Monday, November 20th. They issued an equal weight rating and a GBX 1,405 ($19.05) price objective for the company. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Greggs presently has a consensus rating of Hold and an average target price of GBX 1,300 ($17.63).

Greggs (GRG) traded down GBX 20 ($0.27) on Tuesday, hitting GBX 1,316 ($17.85). 236,022 shares of the stock were exchanged, compared to its average volume of 204,216. Greggs has a one year low of GBX 956.51 ($12.97) and a one year high of GBX 1,400.25 ($18.99). The firm has a market cap of $1,330.00 and a P/E ratio of 2,530.77.

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Greggs 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.

Analyst Recommendations for Greggs (LON:GRG)

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