Greggs Given New GBX 560 Price Target at UBS AG (GRG)
Analysts at UBS AG upped their target price on shares of Greggs (LON:GRG) from GBX 480 ($8.04) to GBX 560 ($9.38) in a research report issued to clients and investors on Wednesday, AnalystRatings.NET reports. The firm currently has a “buy” rating on the stock. UBS AG’s price target suggests a potential upside of 8.11% from the stock’s previous close.
Greggs (LON:GRG) traded up 0.78% on Wednesday, hitting GBX 518.00. 398,607 shares of the company’s stock traded hands. 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 491.5 and a 200-day moving average of GBX 446.7. The company’s market cap is £519.7 million.
Several other analysts have also recently commented on the stock. Analysts at N+1 Singer reiterated a “corporate” rating on shares of Greggs in a research note on Wednesday. Separately, analysts at Liberum Capital reiterated a “buy” rating on shares of Greggs in a research note on Friday, January 10th. They now have a GBX 500 ($8.38) price target on the stock. Finally, analysts at Citigroup Inc. reiterated a “neutral” rating on shares of Greggs in a research note on Friday, January 10th. They now have a GBX 510 ($8.55) price target on the stock, up previously from GBX 430 ($7.21). Four research analysts have rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of GBX 441.88 ($7.41).
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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