Greggs (GRG) Receives “Hold” Rating from Peel Hunt

Greggs (LON:GRG)‘s stock had its “hold” rating reissued by equities research analysts at Peel Hunt in a research report issued on Tuesday. They presently have a GBX 1,200 ($16.15) price objective on the stock. Peel Hunt’s price target would suggest a potential downside of 8.88% from the company’s current price.

A number of other equities analysts have also recently weighed in on the company. Barclays started coverage on Greggs in a report on Monday, November 20th. They issued an “equal weight” rating and a GBX 1,405 ($18.91) price target for the company. Berenberg Bank upped their price target on Greggs from GBX 1,300 ($17.50) to GBX 1,350 ($18.17) and gave the stock a “buy” rating in a report on Thursday, October 5th. Shore Capital reaffirmed a “hold” rating on shares of Greggs in a report on Tuesday, October 3rd. Finally, Canaccord Genuity upped their price target on Greggs from GBX 1,000 ($13.46) to GBX 1,300 ($17.50) and gave the stock a “hold” rating in a report on Thursday, October 12th. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of GBX 1,296 ($17.44).

Greggs (GRG) opened at GBX 1,317 ($17.73) on Tuesday. Greggs has a fifty-two week low of GBX 891.17 ($11.99) and a fifty-two week high of GBX 1,371 ($18.45).

In related news, insider Richard Hutton sold 24,949 shares of the company’s stock in a transaction dated Thursday, October 5th. The stock was sold at an average price of GBX 1,292 ($17.39), for a total value of £322,341.08 ($433,837.25).

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Greggs Company Profile

Greggs plc is a United Kingdom-based bakery food on-the-go retailer. The Company’s products and services consist of a range of fresh bakery goods, sandwiches and drinks in its shop. The Company also provides frozen bakery products to its wholesale customers. The Company owns approximately 1,698 shops, 12 regional bakeries, one distribution center and one manufacturing center.

Analyst Recommendations for Greggs (LON:GRG)

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