UBS Group Raises Greggs (GRG) Price Target to GBX 1,500
Greggs (LON:GRG) had its price target lifted by UBS Group from GBX 1,400 ($18.29) to GBX 1,500 ($19.60) in a report released on Wednesday morning, www.digitallook.com reports. UBS Group currently has a buy rating on the stock.
GRG has been the subject of a number of other research reports. Barclays decreased their price objective on shares of Greggs from GBX 1,405 ($18.36) to GBX 1,400 ($18.29) and set an equal weight rating for the company in a research report on Tuesday, December 4th. Shore Capital reaffirmed a hold rating on shares of Greggs in a report on Wednesday. Finally, Peel Hunt raised shares of Greggs to a hold rating and lifted their target price for the stock from GBX 950 ($12.41) to GBX 1,300 ($16.99) in a report on Tuesday, November 27th. Five equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Greggs currently has a consensus rating of Hold and a consensus price target of GBX 1,433 ($18.72).
Shares of GRG opened at GBX 1,495 ($19.53) on Wednesday. Greggs has a one year low of GBX 994.50 ($12.99) and a one 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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