Greggs (LON:GRG – Get Free Report) had its price target hoisted by equities research analysts at Berenberg Bank from GBX 3,340 ($42.96) to GBX 3,600 ($46.31) in a research note issued on Wednesday, Digital Look reports. The brokerage presently has a “buy” rating on the stock. Berenberg Bank’s price objective would suggest a potential upside of 13.78% from the stock’s current price.
Several other brokerages have also recently weighed in on GRG. Royal Bank of Canada restated an “overweight” rating and set a GBX 3,335 ($42.90) price objective on shares of Greggs in a research note on Wednesday, May 15th. Shore Capital restated a “house stock” rating on shares of Greggs in a research note on Tuesday, May 14th.
Get Our Latest Research Report on GRG
Greggs Stock Performance
Insider Buying and Selling at Greggs
In other Greggs news, insider Roisin Currie purchased 75 shares of Greggs stock in a transaction on Thursday, June 6th. The shares were acquired at an average cost of GBX 1,672 ($21.51) per share, for a total transaction of £1,254 ($1,613.07). Company insiders own 5.80% of the company’s stock.
Greggs Company Profile
Greggs plc operates as a food-on-the-go retailer in the United Kingdom. It offers a range of fresh bakery products, sandwiches, and drinks. The company sells products to franchise and wholesale partners for sale in their own outlets. It is also involved in the property holding, non-trading, and trustee businesses.
Featured Articles
- Five stocks we like better than Greggs
- 3 Warren Buffett Stocks to Buy Now
- Procter & Gamble Stock Drops Despite Earnings Beat – What to Know
- Financial Services Stocks Investing
- Financial Sector Shines as Key Players Continue to Beat Earnings
- What Are Trending Stocks? Trending Stocks Explained
- Russell 2000 Index Bull Run: This ETF is Poised for Growth
Receive News & Ratings for Greggs Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Greggs and related companies with MarketBeat.com's FREE daily email newsletter.