Greggs plc (LON:GRG – Get Free Report) has earned an average rating of “Hold” from the eight analysts that are covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, three have given a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is GBX 1,824.29.
A number of research firms have issued reports on GRG. Berenberg Bank restated a “buy” rating and set a GBX 2,090 target price on shares of Greggs in a research report on Thursday, May 14th. Jefferies Financial Group restated a “hold” rating and set a GBX 1,610 target price on shares of Greggs in a research report on Tuesday, May 12th. Royal Bank Of Canada cut their target price on shares of Greggs from GBX 1,970 to GBX 1,830 and set an “outperform” rating on the stock in a research report on Tuesday, March 10th. Shore Capital Group restated a “hold” rating on shares of Greggs in a research report on Tuesday, May 12th. Finally, JPMorgan Chase & Co. cut their target price on shares of Greggs from GBX 2,060 to GBX 2,050 and set an “overweight” rating on the stock in a research report on Wednesday, March 4th.
Get Our Latest Analysis on Greggs
Greggs Stock Performance
Insider Transactions at Greggs
In other Greggs news, insider Richard Smothers bought 1,615 shares of the business’s stock in a transaction on Tuesday, May 19th. The shares were bought at an average cost of GBX 17 per share, for a total transaction of £274.55. Insiders own 0.62% of the company’s stock.
About Greggs
Greggs is a leading UK food-on-the-go retailer with more than 2,700 shops nationwide and approximately 33,000 employees across the business.
As a food-on-the-go retailer, Greggs specialises in daily fresh shop-made sandwiches, and savouries baked fresh in the shop ovens throughout the day. These are further complemented by popular products and ranges including freshly ground coffee, breakfast, confectionery and evening menu items. Greggs also offers a healthier options range which includes a selection of gluten-free, vegan-friendly and lower calorie products.
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