Greggs plc (GRG) Given New GBX 1,350 Price Target at Berenberg Bank

Greggs plc (LON:GRG) had its price target upped by analysts at Berenberg Bank from GBX 1,300 ($17.24) to GBX 1,350 ($17.91) in a research note issued to investors on Thursday. The brokerage currently has a “buy” rating on the stock. Berenberg Bank’s price objective points to a potential upside of 6.13% from the company’s current price.

GRG has been the subject of several other reports. Shore Capital reaffirmed a “hold” rating on shares of Greggs plc in a research note on Wednesday, August 9th. Investec reaffirmed a “buy” rating and issued a GBX 1,225 ($16.25) target price on shares of Greggs plc in a research note on Tuesday, August 1st. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of GBX 1,155 ($15.32).

Greggs plc (LON GRG) opened at 1294.00 on Thursday. The firm’s market capitalization is GBX 1.30 billion. Greggs plc has a 12-month low of GBX 891.17 and a 12-month high of GBX 1,304.00. The company has a 50-day moving average price of GBX 1,205.54 and a 200-day moving average price of GBX 1,114.55.

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Greggs plc 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 plc (LON:GRG)

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