Greggs plc (GRG) Receives Average Recommendation of “Hold” from Analysts
Shares of Greggs plc (LON:GRG) have been assigned a consensus recommendation of “Hold” from the five brokerages that are presently covering the company, Marketbeat reports. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is GBX 1,061.25 ($13.75).
A number of equities analysts have recently issued reports on the company. Berenberg Bank reaffirmed a “hold” rating and set a GBX 1,020 ($13.21) price target on shares of Greggs plc in a research report on Wednesday, May 31st. Investec reaffirmed a “buy” rating and set a GBX 1,225 ($15.87) price target on shares of Greggs plc in a research report on Thursday, May 18th. Finally, Shore Capital reaffirmed a “hold” rating on shares of Greggs plc in a research report on Thursday, May 18th.
In related news, insider Roger Whiteside sold 42,612 shares of the company’s stock in a transaction on Wednesday, April 12th. The stock was sold at an average price of GBX 1,037 ($13.43), for a total value of £441,886.44 ($572,391.76). Also, insider Richard Hutton bought 449 shares of the business’s stock in a transaction that occurred on Thursday, June 1st. The stock was purchased at an average cost of GBX 465 ($6.02) per share, for a total transaction of £2,087.85 ($2,704.47).
Shares of Greggs plc (LON:GRG) opened at 1052.00 on Tuesday. The firm has a 50 day moving average price of GBX 1,094.01 and a 200-day moving average price of GBX 1,033.40. The company’s market cap is GBX 1.05 billion. Greggs plc has a 12-month low of GBX 888.00 and a 12-month high of GBX 1,138.00.
About Greggs plc
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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