Rating to Follow: Greggs (LON:GRG) “Buy” Rating Maintained at UBS; With GBX 1200.00 Target

November 29, 2016 - By Peter Kolinski

Greggs (LON:GRG) Rating

The company have set target price per share of GBX 1200.00 on Greggs (LON:GRG) shares. This is 31.87% from the last stock close. In an analyst report issued to clients and investors on Tuesday, 29 November, UBS kept their “Buy” rating on shares of GRG.

Greggs plc (LON:GRG) Ratings Coverage

Out of 7 analysts covering Greggs PLC (LON:GRG), 5 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 71% are positive. GBX 1350 is the highest target while GBX 920 is the lowest. The GBX 1240 average target is 36.14% above today’s (GBX 910.85) stock price. Greggs PLC has been the topic of 41 analyst reports since July 24, 2015 according to StockzIntelligence Inc. The rating was maintained by UBS with “Buy” on Tuesday, November 24. The firm has “Buy” rating by Peel Hunt given on Monday, March 21. The stock has “Hold” rating given by Canaccord Genuity on Friday, August 21. The stock has “Buy” rating given by Canaccord Genuity on Friday, October 16. The rating was maintained by Investec on Tuesday, July 19 with “Buy”. The stock of Greggs plc (LON:GRG) earned “Corporate” rating by N+1 Singer on Tuesday, October 6. The stock has “Hold” rating given by Canaccord Genuity on Friday, September 25. The rating was maintained by Canaccord Genuity on Tuesday, October 4 with “Buy”. The rating was maintained by Shore Capital on Tuesday, March 1 with “Hold”. The firm earned “Buy” rating on Tuesday, October 27 by UBS.

The stock decreased 0.45% or GBX 4.15 on November 29, hitting GBX 910.85. About 1.31 million shares traded hands or 338.88% up from the average. Greggs plc (LON:GRG) has declined 11.42% since April 29, 2016 and is downtrending. It has underperformed by 16.68% the S&P500.

Greggs plc is a United Kingdom-based bakery food on-the-go retailer. The company has a market cap of 921.37 million GBP. The Company’s services and products consist of a range of fresh bakery goods, sandwiches and drinks in its shop. It has a 16.37 P/E ratio. The Firm also provides frozen bakery products to its wholesale customers.

More news for Greggs plc (LON:GRG) were recently published by: Fool.Co.Uk, which released: “Are Tesco plc, Sports Direct International plc and Greggs plc doomed to fail?” on May 27, 2016. Fool.Co.Uk‘s article titled: “Can Greggs plc, WH Smith plc & Moneysupermarket.com Group plc reverse this …” and published on May 09, 2016 is yet another important article.

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