Greggs (LON:GRG)‘s stock had its “hold” rating reiterated by equities researchers at Shore Capital in a research note issued to investors on Tuesday.
GRG has been the subject of several other reports. Barclays initiated coverage on shares of Greggs in a research note on Monday, November 20th. They issued an “equal weight” rating and a GBX 1,405 ($19.41) target price for the company. Canaccord Genuity increased their price objective on shares of Greggs from GBX 1,300 ($17.96) to GBX 1,320 ($18.24) and gave the company a “hold” rating in a research note on Wednesday, January 17th. Berenberg Bank increased their price objective on shares of Greggs from GBX 1,350 ($18.65) to GBX 1,450 ($20.03) and gave the company a “buy” rating in a research note on Thursday, February 15th. Finally, Peel Hunt reiterated 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. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Greggs has an average rating of “Hold” and an average price target of GBX 1,320 ($18.24).
Greggs (LON GRG) opened at GBX 1,322 ($18.26) on Tuesday. The firm has a market cap of $1,330.00 and a price-to-earnings ratio of 2,542.31. Greggs has a 52 week low of GBX 956.51 ($13.22) and a 52 week high of GBX 1,400.25 ($19.35).
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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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