Greggs (GRG) Price Target Increased to GBX 1,500 by Analysts at Peel Hunt
Greggs (LON:GRG) had its target price hoisted by Peel Hunt from GBX 1,300 ($16.99) to GBX 1,500 ($19.60) in a research report issued on Wednesday. The brokerage currently has a “hold” rating on the stock. Peel Hunt’s target price would suggest a potential upside of 0.85% from the stock’s current price.
Several other equities analysts have also recently issued reports on the company. UBS Group reaffirmed a “buy” rating on shares of Greggs in a research report on Friday, October 26th. Barclays lowered their price objective on Greggs from GBX 1,405 ($18.36) to GBX 1,400 ($18.29) and set an “equal weight” rating on the stock in a research report on Tuesday, December 4th. Finally, Shore Capital reaffirmed a “hold” rating on shares of Greggs in a research report on Tuesday, November 27th. Five investment analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of GBX 1,433 ($18.72).
GRG stock opened at GBX 1,487.40 ($19.44) on Wednesday. Greggs has a 12-month low of GBX 994.50 ($12.99) and a 12-month 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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