Greggs plc (GRG) Receives Consensus Rating of “Hold” from Analysts

Greggs plc (LON:GRG) has received an average rating of “Hold” from the six research firms that are covering the stock, Marketbeat Ratings reports. Four analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 12-month target price among analysts that have covered the stock in the last year is GBX 1,300 ($17.63).

GRG has been the topic of several research reports. Canaccord Genuity increased their price target on shares of Greggs from GBX 1,300 ($17.63) to GBX 1,320 ($17.90) and gave the stock a “hold” rating in a research report on Wednesday. Shore Capital reissued a “hold” rating on shares of Greggs in a research report on Tuesday, October 3rd. Berenberg Bank increased their price target on shares of Greggs from GBX 1,300 ($17.63) to GBX 1,350 ($18.31) and gave the stock a “buy” rating in a research report on Thursday, October 5th. Peel Hunt reissued 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. Finally, Barclays initiated coverage on shares of Greggs in a research report on Monday, November 20th. They set an “equal weight” rating and a GBX 1,405 ($19.05) price target on the stock.

Shares of Greggs (LON:GRG) traded up GBX 7 ($0.09) on Friday, hitting GBX 1,315 ($17.83). 1,034,866 shares of the stock traded hands, compared to its average volume of 194,279. The firm has a market capitalization of $1,330.00 and a PE ratio of 2,528.85. Greggs has a 1-year low of GBX 956.51 ($12.97) and a 1-year high of GBX 1,400.25 ($18.99).

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About Greggs

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.

Analyst Recommendations for Greggs (LON:GRG)

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