Oriel Securities Ltd Gives Sell Rating to Greggs (GRG)
Greggs (LON: GRG)‘s stock had its “sell” rating reiterated by investment analysts at Oriel Securities Ltd in a note issued to investors on Wednesday. They currently have a $6.50 (400 GBX) target price on the stock.
Greggs opened at 459.945 on Wednesday. Greggs has a 1-year low of GBX 451.00 and a 1-year high of GBX 567.333. The stock’s 50-day moving average is currently GBX 503.. The company’s market cap is £457.0 million.
A number of other firms have also recently commented on GRG. Analysts at Canaccord Genuity downgraded shares of Greggs to a “sell” rating in a research note to investors on Thursday, October 18th. They now have a $6.13 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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.