Greggs (OTCMKTS:GGGSF) Shares Up 1.3% – Still a Buy?

Greggs plc (OTCMKTS:GGGSF) rose 1.3% during mid-day trading on Tuesday . The company traded as high as $22.1395 and last traded at $22.1395. Approximately 894 shares traded hands during mid-day trading, a decline of 73% from the average daily volume of 3,327 shares. The stock had previously closed at $21.8586.

Analyst Ratings Changes

Separately, Jefferies Financial Group downgraded shares of Greggs to a “hold” rating in a report on Sunday, February 8th. One research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold”.

Greggs Stock Up 1.3%

The stock has a 50 day simple moving average of $22.68 and a 200-day simple moving average of $22.12.

About Greggs

Greggs plc, trading on the OTC Markets under the symbol GGGSF, is a leading UK-based bakery chain specializing in freshly prepared food and beverage offerings. Established in 1939, the company has grown from a single bakery in Newcastle upon Tyne into one of Britain’s most recognized high-street brands. Greggs operates a network of more than 2,000 retail outlets, including stand-alone shops, in-store concessions, and kiosks situated in transport hubs and convenience locations across England, Scotland and Wales.

The company’s core product range centers on bakery items such as its iconic sausage rolls, pastries, and sweet treats, complemented by a selection of sandwiches, salads and hot and cold beverages.