Greggs (GRG) Given “Equal weight” Rating at Barclays
Several other brokerages have also recently issued reports on GRG. Berenberg Bank boosted their price target on Greggs from GBX 1,350 ($18.65) to GBX 1,450 ($20.03) and gave the company a buy rating in a research report on Thursday, February 15th. Canaccord Genuity boosted their price target on Greggs from GBX 1,300 ($17.96) to GBX 1,320 ($18.24) and gave the company a hold rating in a research report on Wednesday, January 17th. Shore Capital restated a hold rating on shares of Greggs in a research report on Tuesday, February 27th. Finally, Peel Hunt restated a hold rating and issued a GBX 1,200 ($16.58) price target on shares of Greggs in a research report on Tuesday, December 5th. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The company presently has a consensus rating of Hold and a consensus price target of GBX 1,315 ($18.17).
Greggs (GRG) opened at GBX 1,215 ($16.79) on Wednesday. The stock has a market capitalization of $1,230.00 and a PE ratio of 2,169.64. Greggs has a 52-week low of GBX 984.06 ($13.60) and a 52-week high of GBX 1,400.25 ($19.35).
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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