Greggs plc’s (GRG) Hold Rating Reaffirmed at Shore Capital
Greggs plc (LON:GRG)‘s stock had its “hold” rating restated by equities research analysts at Shore Capital in a report issued on Wednesday.
GRG has been the subject of a number of other reports. Investec reissued a “buy” rating and issued a GBX 1,225 ($15.95) price objective on shares of Greggs plc in a report on Thursday, May 18th. Berenberg Bank reaffirmed a “hold” rating and set a GBX 1,020 ($13.28) price target on shares of Greggs plc in a research note on Wednesday, May 31st. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The company has an average rating of “Hold” and an average target price of GBX 1,089 ($14.18).
Greggs plc (LON:GRG) traded down 0.72% during mid-day trading on Wednesday, hitting GBX 1110.00. The stock had a trading volume of 104,011 shares. Greggs plc has a 12-month low of GBX 891.17 and a 12-month high of GBX 1,140.00. The company has a 50-day moving average of GBX 1,095.74 and a 200-day moving average of GBX 1,058.35. The stock’s market cap is GBX 1.12 billion.
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In related news, insider Richard Hutton acquired 449 shares of the business’s stock in a transaction dated Thursday, June 1st. The stock was bought at an average price of GBX 465 ($6.06) per share, for a total transaction of £2,087.85 ($2,718.91).
About Greggs plc
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.
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