A number of other equities analysts also recently commented on GRG. Shore Capital reissued a hold rating on shares of Greggs in a research note on Wednesday, August 9th. Berenberg Bank upgraded shares of Greggs to a buy rating and upped their price objective for the stock from GBX 1,020 ($13.73) to GBX 1,300 ($17.50) in a research report on Thursday, August 10th. Canaccord Genuity upped their price objective on shares of Greggs from GBX 1,000 ($13.46) to GBX 1,300 ($17.50) and gave the stock a hold rating in a research report on Thursday, October 12th. Finally, Barclays started coverage on shares of Greggs in a research report on Monday, November 20th. They issued an equal weight rating and a GBX 1,405 ($18.91) price objective for the company. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company currently has a consensus rating of Hold and a consensus price target of GBX 1,296 ($17.44).
Greggs (GRG) traded up GBX 22 ($0.30) on Tuesday, reaching GBX 1,337 ($17.99). The company had a trading volume of 239,444 shares, compared to its average volume of 217,858. Greggs has a 12 month low of GBX 899 ($12.10) and a 12 month 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 shares were sold at an average price of GBX 1,292 ($17.39), for a total transaction of £322,341.08 ($433,837.25).
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.
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