Greggs plc Given “Corporate” Rating at N+1 Singer (GRG)
Greggs plc (LON:GRG)‘s stock had its “corporate” rating restated by investment analysts at N+1 Singer in a note issued to investors on Wednesday, American Banking News reports.
Several other analysts have also recently commented on the stock. Analysts at Panmure Gordon raised their price target on shares of Greggs plc from GBX 500 ($8.40) to GBX 600 ($10.08) in a research note on Wednesday, February 26th. They now have a “buy” rating on the stock. Separately, analysts at Liberum Capital reiterated a “buy” rating on shares of Greggs plc in a research note on Friday, February 21st. Finally, analysts at Oriel Securities Ltd reiterated a “sell” rating on shares of Greggs plc in a research note on Friday, February 21st. They now have a GBX 400 ($6.72) price target on the stock. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of GBX 476.43 ($8.00).
Greggs plc (LON:GRG) traded down 0.27% during mid-day trading on Wednesday, hitting GBX 550.00. 229,728 shares of the company’s stock traded hands. Greggs plc has a 52-week low of GBX 388.40 and a 52-week high of GBX 562.875. The stock has a 50-day moving average of GBX 508.2 and a 200-day moving average of GBX 477.8. The company’s market cap is £552.7 million.
Greggs plc is a bakery retailer in the United Kingdom. The Company has approximately 2,000 shops, supplied by approximately 10 regional bakeries.
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