Greggs plc (GRG) Given Average Rating of “Hold” by Brokerages

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Greggs plc (LON:GRG) has received an average recommendation of “Hold” from the six research firms that are currently covering the firm, MarketBeat Ratings reports. Five research analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is GBX 1,435 ($18.75).

Several research analysts have recently weighed in on GRG shares. Barclays decreased their target price on shares of Greggs from GBX 1,405 ($18.36) to GBX 1,400 ($18.29) and set an “equal weight” rating for the company in a research note on Tuesday, December 4th. UBS Group upped their target price on shares of Greggs from GBX 1,400 ($18.29) to GBX 1,500 ($19.60) and gave the company a “buy” rating in a research note on Wednesday, January 9th. Shore Capital restated a “hold” rating on shares of Greggs in a research note on Wednesday, January 9th. Finally, Peel Hunt upgraded shares of Greggs to a “hold” rating and upped their target price for the company from GBX 950 ($12.41) to GBX 1,300 ($16.99) in a research note on Tuesday, November 27th.

LON:GRG traded up GBX 9 ($0.12) on Wednesday, reaching GBX 1,504 ($19.65). 472,111 shares of the company’s stock traded hands, compared to its average volume of 278,094. Greggs has a 12 month low of GBX 994.50 ($12.99) and a 12 month high of GBX 1,400.25 ($18.30).

About Greggs

Greggs plc operates as a bakery food-on-the-go retailer in the United Kingdom. It offers a range of fresh and frozen bakery products, sandwiches, drinks, snacks, small cakes and muffins, breakfast products, and sweet bakery treats, as well as porridges, salads, and soups. The company sells its products through its shops in travel, leisure, and work-centered catchments; and franchised stores in motorway service stations and petrol forecourts.

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Analyst Recommendations for Greggs (LON:GRG)

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