Greggs’ (GRG) Hold Rating Reiterated at Peel Hunt

Peel Hunt reissued their hold rating on shares of Greggs (LON:GRG) in a report published on Tuesday. Peel Hunt currently has a GBX 1,200 ($16.15) price target on the stock.

Several other research analysts have also recently weighed in on GRG. Shore Capital reiterated a hold rating on shares of Greggs in a research report on Wednesday, August 9th. Canaccord Genuity lifted their price target on Greggs from GBX 1,000 ($13.46) to GBX 1,300 ($17.50) and gave the company a hold rating in a research report on Thursday, October 12th. Berenberg Bank upgraded Greggs to a buy rating and lifted their price target for the company from GBX 1,020 ($13.73) to GBX 1,300 ($17.50) in a research report on Thursday, August 10th. Finally, Barclays began coverage on Greggs in a research report on Monday, November 20th. They set an equal weight rating and a GBX 1,405 ($18.91) price target for the company. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Greggs has a consensus rating of Hold and a consensus price target of GBX 1,296 ($17.44).

Greggs (LON GRG) opened at GBX 1,348 ($18.14) on Tuesday. Greggs has a 12-month low of GBX 911 ($12.26) and a 12-month high of GBX 1,371 ($18.45).

In other Greggs news, insider Richard Hutton sold 24,949 shares of the firm’s stock in a transaction that occurred on 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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