Canaccord Genuity Reaffirms Sell Rating on Greggs (GRG)
Greggs (LON: GRG)‘s stock had its “sell” rating reaffirmed by research analysts at Canaccord Genuity in a report released on Wednesday. They currently have a $6.10 (380 GBX) target price on the stock.
Greggs opened at 449.00 on Wednesday. Greggs has a 52-week low of GBX 451.00 and a 52-week high of GBX 567.333. The stock’s 50-day moving average is currently GBX 503.. The company’s market cap is £446.2 million.
Other equities research analysts have also recently issued reports about the stock. Analysts at Oriel Securities Ltd reiterated a “sell” rating on shares of Greggs in a research note to investors on Wednesday, January 2nd. They now have a $6.50 price target on the stock. Separately, analysts at Liberum Capital Ltd downgraded shares of Greggs to a “sell” rating in a research note to investors on Tuesday, October 16th. They now have a $6.99 price target on the stock. Finally, analysts at Liberum Capital Ltd reiterated a “hold” rating on shares of Greggs in a research note to investors on Thursday, October 11th. They now have a $7.09 price target on the stock.
Greggs plc is a bakery retailer in the United Kingdom. The Company has over 1,480 shops, supplied by 10 regional bakeries and 90 in-store bakers.
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