Greggs (GRG) Price Target Increased to GBX 1,880 by Analysts at UBS Group
Greggs (LON:GRG) had its price target boosted by UBS Group from GBX 1,725 ($22.54) to GBX 1,880 ($24.57) in a research note published on Wednesday, ThisIsMoney.Co.Uk reports. The brokerage currently has a neutral rating on the stock.
GRG has been the topic of several other research reports. HSBC reiterated a buy rating and set a GBX 1,600 ($20.91) target price on shares of Greggs in a report on Tuesday, February 12th. Shore Capital reiterated a hold rating on shares of Greggs in a report on Tuesday. Peel Hunt upped their target price on Greggs from GBX 1,500 ($19.60) to GBX 1,800 ($23.52) and gave the stock a hold rating in a report on Tuesday. Berenberg Bank upped their target price on Greggs from GBX 1,400 ($18.29) to GBX 1,600 ($20.91) and gave the stock a hold rating in a report on Thursday, March 14th. Finally, Canaccord Genuity reiterated a hold rating and set a GBX 1,730 ($22.61) target price on shares of Greggs in a report on Thursday, March 7th. Seven equities research analysts have rated the stock with a hold rating, Greggs has an average rating of Hold and a consensus price target of GBX 1,668.33 ($21.80).
Shares of GRG stock traded down GBX 16 ($0.21) on Wednesday, hitting GBX 2,058 ($26.89). 317,408 shares of the stock were exchanged, compared to its average volume of 278,094. The stock has a market capitalization of $2.05 billion and a P/E ratio of 31.91. Greggs has a fifty-two week low of GBX 939 ($12.27) and a fifty-two week high of GBX 1,892 ($24.72).
In other Greggs news, insider Richard Hutton sold 7,195 shares of the company’s stock in a transaction that occurred on Tuesday, April 9th. The stock was sold at an average price of GBX 1,824 ($23.83), for a total value of £131,236.80 ($171,484.12).
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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