Greggs (GRG) Price Target Cut to GBX 1,400 by Analysts at Barclays
Greggs (LON:GRG) had its price target trimmed by Barclays from GBX 1,405 ($18.36) to GBX 1,400 ($18.29) in a report released on Tuesday morning. The firm currently has an equal weight rating on the stock.
GRG has been the topic of several other reports. Shore Capital reiterated a hold rating on shares of Greggs in a research note on Tuesday, November 27th. Peel Hunt raised Greggs to a hold rating and boosted their target price for the stock from GBX 950 ($12.41) to GBX 1,300 ($16.99) in a report on Tuesday, November 27th. Finally, UBS Group reissued a buy rating on shares of Greggs in a report on Friday, October 26th. Five equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The company has a consensus rating of Hold and a consensus price target of GBX 1,366.25 ($17.85).
GRG stock opened at GBX 1,376 ($17.98) on Tuesday. Greggs has a 1-year low of GBX 994.50 ($12.99) and a 1-year high of GBX 1,400.25 ($18.30).
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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