Greggs (GRG) Stock Rating Reaffirmed by HSBC

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Greggs (LON:GRG)‘s stock had its “buy” rating restated by HSBC in a report released on Tuesday. They currently have a GBX 1,600 ($20.91) price objective on the stock. HSBC’s target price would suggest a potential upside of 2.01% from the company’s current price.

A number of other equities research analysts also recently commented on GRG. UBS Group reiterated a “buy” rating on shares of Greggs in a research report on Friday, October 26th. Peel Hunt upgraded Greggs to a “hold” rating and increased their price objective for the company from GBX 950 ($12.41) to GBX 1,300 ($16.99) in a research report on Tuesday, November 27th. Shore Capital reiterated a “hold” rating on shares of Greggs in a research report on Tuesday, November 27th. Finally, Barclays cut their price objective 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. Six analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Greggs has a consensus rating of “Hold” and a consensus target price of GBX 1,477.50 ($19.31).

Shares of LON:GRG opened at GBX 1,568.42 ($20.49) on Tuesday. Greggs has a one year low of GBX 994.50 ($12.99) and a one year high of GBX 1,400.25 ($18.30).

Greggs Company Profile

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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Analyst Recommendations for Greggs (LON:GRG)

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