Greggs (GRG) PT Raised to GBX 1,320 at Canaccord Genuity
Greggs (LON:GRG) had its price objective hoisted by stock analysts at Canaccord Genuity from GBX 1,300 ($17.63) to GBX 1,320 ($17.90) in a research note issued to investors on Wednesday. The firm presently has a “hold” rating on the stock. Canaccord Genuity’s price target suggests a potential upside of 0.30% from the stock’s previous close.
A number of other analysts also recently commented on the company. Barclays started coverage on Greggs in a research note on Monday, November 20th. They issued an “equal weight” rating and a GBX 1,405 ($19.05) target price on the stock. Berenberg Bank upped their target price on Greggs from GBX 1,300 ($17.63) to GBX 1,350 ($18.31) and gave the stock a “buy” rating in a research note on Thursday, October 5th. Shore Capital reiterated a “hold” rating on shares of Greggs in a research report on Tuesday, October 3rd. Finally, Peel Hunt reiterated a “hold” rating and set a GBX 1,200 ($16.27) price target on shares of Greggs in a research report on Tuesday, December 5th. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of GBX 1,300 ($17.63).
Shares of Greggs (GRG) traded down GBX 20 ($0.27) on Wednesday, hitting GBX 1,316 ($17.85). The stock had a trading volume of 236,022 shares, compared to its average volume of 204,216. Greggs has a 1 year low of GBX 956.51 ($12.97) and a 1 year high of GBX 1,400.25 ($18.99). The stock has a market capitalization of $1,330.00 and a P/E ratio of 2,530.77.
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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