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A statement released today by Investec about Greggs PLC (LON:GRG) drops the target price to 1,225.00GBX

Yesterday Greggs PLC (LON:GRG) traded 2.01% higher at 1,065.00GBX. The company’s 50-day moving average is 1,040.25GBX and its 200-day moving average is 1,051.51GBX. The last stock close price is up 1.47% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 472,322 shares of the stock traded hands, up from an average trading volume of 248,343

Greggs PLC (LON:GRG) had its target price lowered to 1,225.00GBX by Investec in an issued report announced Tuesday October 04, 2016. The latest stock price target indicates a possible upside of 0.15% based on the company's last stock close price.

Previously on Tuesday August 02, 2016, Peel Hunt Limited reported about Greggs PLC (LON:GRG) raised the target price from 0.00GBX to 1,320.00GBX. At the time, this indicated a possible upside of 0.26%.

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Greggs PLC (LON:GRG)

Greggs PLC has a 52 week low of 869.00GBX and a 52 week high of 1,335.00GBX with a P/E ratio of 19.19 The company’s market cap is currently 0 GBX.

In addition to Investec reporting its stock price target, a total of 6 brokers have issued a research note on the company. The average stock price target is 1,229.17GBX with three equity analysts rating the company a strong buy, one equity analyst rating the company a buy, three equity analysts rating the company a hold, zero equity analysts rating the company a underperform, and lastly zero brokerages rating the company a sell.

General Company Details For Greggs PLC (LON:GRG)

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. The Company has approximately 105 franchised shops operating in travel and other convenience locations. The Company offers pastries and bakes, sandwiches, breakfast, sweets, pastas, salads and soups, bread, platters, drinks and snacks. The Company's Balanced Choice products offer choices, which have approximately 400 calories. The Company's sales are made to the general public, as well as to certain organizations.

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