Greggs (GRG) Given “Buy” Rating at Berenberg Bank

Greggs (LON:GRG)‘s stock had its “buy” rating restated by research analysts at Berenberg Bank in a note issued to investors on Monday. They presently have a GBX 1,425 ($19.69) target price on the stock. Berenberg Bank’s price target indicates a potential upside of 16.93% from the stock’s previous close.

Several other equities research analysts also recently issued reports on GRG. Barclays began coverage on Greggs in a research report on Monday, November 20th. They issued an “equal weight” rating and a GBX 1,405 ($19.41) price target on the stock. Peel Hunt reiterated 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 reiterated a “hold” rating on shares of Greggs in a research note on Tuesday, January 16th. Finally, Canaccord Genuity increased their target price on shares of Greggs from GBX 1,300 ($17.96) to GBX 1,320 ($18.24) and gave the company a “hold” rating in a research note on Wednesday, January 17th. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of GBX 1,315 ($18.17).

Shares of Greggs (LON:GRG) opened at GBX 1,218.70 ($16.84) on Monday. The stock has a market capitalization of $1,230.00 and a PE ratio of 2,176.24. Greggs has a 1 year low of GBX 994.50 ($13.74) and a 1 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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