Greggs Stock Rating Reaffirmed by Citigroup Inc. (GRG)
Greggs (LON:GRG)‘s stock had its “neutral” rating restated by analysts at Citigroup Inc. in a research report issued to clients and investors on Friday, American Banking News reports. They currently have a GBX 510 ($8.36) price target on the stock, up from their previous price target of GBX 430 ($7.05). Citigroup Inc.’s price objective would suggest a potential upside of 3.55% from the company’s current price.
GRG has been the subject of a number of other recent research reports. Analysts at N+1 Singer reiterated a “corporate” rating on shares of Greggs in a research note to investors on Thursday. Separately, 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. Finally, 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. Four analysts have rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company. Greggs currently has a consensus rating of “Hold” and a consensus price target of GBX 431.88 ($7.08).
Greggs (LON:GRG) opened at 492.50 on Friday. Greggs has a 52-week low of GBX 388.40 and a 52-week high of GBX 523.50. The stock has a 50-day moving average of GBX 437. and a 200-day moving average of GBX 431.6. The company’s market cap is £494.1 million.
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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