Greggs (LON:GRG) had its target price lifted by UBS Group from GBX 1,600 ($20.91) to GBX 1,725 ($22.54) in a research report report published on Wednesday morning, investing.thisismoney.co.uk reports. The brokerage currently has a neutral rating on the stock.
Several other brokerages have also issued reports on GRG. Shore Capital reissued a hold rating on shares of Greggs in a research report on Wednesday, January 9th. Barclays decreased their target price on 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. Canaccord Genuity increased their target price on Greggs from GBX 1,470 ($19.21) to GBX 1,730 ($22.61) and gave the stock a hold rating in a research report on Tuesday. Peel Hunt raised Greggs to a hold rating and increased their target price for the stock from GBX 950 ($12.41) to GBX 1,300 ($16.99) in a research report on Tuesday, November 27th. Finally, HSBC reissued a buy rating and issued a GBX 1,600 ($20.91) target price on shares of Greggs in a research report on Tuesday, February 12th. Six research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Greggs currently has a consensus rating of Hold and a consensus price target of GBX 1,563.33 ($20.43).
Shares of LON:GRG opened at GBX 1,762.90 ($23.04) on Wednesday. Greggs has a 52-week low of GBX 994.50 ($12.99) and a 52-week 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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