Greggs Receives Corporate Rating from N+1 Singer (GRG)
Greggs (LON:GRG)‘s stock had its “corporate” rating reiterated by stock analysts at N+1 Singer in a report issued on Thursday, ARN reports.
Shares of Greggs (LON:GRG) opened at 492.50 on Thursday. Greggs has a one year low of GBX 388.40 and a one year high of GBX 523.50. The stock’s 50-day moving average is GBX 437. and its 200-day moving average is GBX 431.6. The company’s market cap is £494.1 million.
A number of other firms have also recently commented on GRG. Analysts at Liberum Capital initiated coverage on shares of Greggs in a research note to investors on Tuesday, December 3rd. They set a “buy” rating and a GBX 500 ($8.20) price target on the stock. Separately, analysts at UBS AG cut their price target on shares of Greggs from GBX 490 ($8.04) to GBX 480 ($7.87) in a research note to investors on Wednesday, November 20th. They now have a “buy” rating on the stock. Finally, analysts at Goldman Sachs Group Inc. raised their price target on shares of Greggs from GBX 460 ($7.54) to GBX 495 ($8.12) in a research note to investors on Tuesday, October 15th. They now have a “neutral” rating on the stock. Four investment analysts have rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of GBX 431.88 ($7.08).
Greggs plc is a bakery retailer in the United Kingdom. The Company has over 1,480 shops, supplied by 10 regional bakeries and 90 in-store bakers.
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