Greggs (OTCMKTS:GGGSF) Shares Up 1.3% – Should You Buy?

Greggs plc (OTCMKTS:GGGSF) shares were up 1.3% during trading on Tuesday . The stock traded as high as $22.1395 and last traded at $22.1395. Approximately 894 shares traded hands during trading, a decline of 73% from the average daily volume of 3,327 shares. The stock had previously closed at $21.8586.

Analysts Set New Price Targets

Separately, Jefferies Financial Group cut shares of Greggs to a “hold” rating in a research note on Sunday, February 8th. One equities research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold”.

Greggs Stock Down 0.6%

The business has a 50 day simple moving average of $22.64 and a 200-day simple moving average of $22.11.

Greggs Company Profile

Greggs plc, trading on the OTC Markets under the symbol GGGSF, is a leading UK-based bakery chain specializing in freshly prepared food and beverage offerings. Established in 1939, the company has grown from a single bakery in Newcastle upon Tyne into one of Britain’s most recognized high-street brands. Greggs operates a network of more than 2,000 retail outlets, including stand-alone shops, in-store concessions, and kiosks situated in transport hubs and convenience locations across England, Scotland and Wales.

The company’s core product range centers on bakery items such as its iconic sausage rolls, pastries, and sweet treats, complemented by a selection of sandwiches, salads and hot and cold beverages.