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

Shares of Greggs plc (LON:GRG) have been given a consensus recommendation of “Hold” by the six brokerages that are presently covering the stock, MarketBeat.com reports. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is GBX 1,300 ($17.96).

Several analysts have issued reports on GRG shares. Barclays started coverage on Greggs in a research note on Monday, November 20th. They issued an “equal weight” rating and a GBX 1,405 ($19.41) target price on the stock. Peel Hunt restated a “hold” rating and issued a GBX 1,200 ($16.58) target price on shares of Greggs in a research note on Tuesday, December 5th. Shore Capital restated a “hold” rating on shares of Greggs in a research note on Tuesday, January 16th. Finally, Canaccord Genuity lifted their price target on Greggs from GBX 1,300 ($17.96) to GBX 1,320 ($18.24) and gave the company a “hold” rating in a research report on Wednesday, January 17th.

Shares of Greggs (LON:GRG) opened at GBX 1,277 ($17.64) on Wednesday. The stock has a market capitalization of $1,300.00 and a price-to-earnings ratio of 2,455.77. Greggs has a one year low of GBX 956.51 ($13.22) and a one year high of GBX 1,400.25 ($19.35).

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Greggs Company Profile

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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