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Greggs (GRG) Stock Forecast & Price Target

GBX 2,844
-24.00 (-0.84%)
(As of 07/19/2024 ET)

Greggs - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Based on 4 Wall Street analysts who have issued ratings for Greggs in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 4 analysts, 1 has given a hold rating, and 3 have given a buy rating for GRG.

Consensus Price Target

GBX 3,375
High ForecastGBX 3,450
Average ForecastGBX 3,375
Low ForecastGBX 3,335

According to the 4 analysts' twelve-month price targets for Greggs, the average price target is GBX 3,375. The highest price target for GRG is GBX 3,450, while the lowest price target for GRG is GBX 3,335. The average price target represents a forecasted upside of 18.67% from the current price of GBX 2,844.

TypeCurrent Forecast
7/21/23 to 7/20/24
1 Month Ago
6/21/23 to 6/20/24
3 Months Ago
4/22/23 to 4/21/24
1 Year Ago
7/21/22 to 7/21/23
Consensus Rating
Moderate Buy
Moderate Buy
Hold
Hold
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
3 Buy rating(s)
3 Buy rating(s)
2 Buy rating(s)
2 Buy rating(s)
Hold
1 Hold rating(s)
1 Hold rating(s)
3 Hold rating(s)
3 Hold rating(s)
Sell
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
Consensus Price TargetGBX 3,375GBX 3,375GBX 3,075GBX 2,862.50
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GRG Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.
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GRG Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.
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Greggs Stock vs. The Competition

TypeGreggsConsumer Cyclical Companies
Consensus Rating Score
2.75
2.50
Consensus RatingModerate BuyModerate Buy
News Sentiment RatingNegative News
Neutral News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
5/15/2024Royal Bank of Canada
4 of 5 stars
 Reiterated RatingOverweightGBX 3,335+19.79%
5/14/2024Berenberg Bank
2 of 5 stars
 Lower TargetBuyGBX 3,390 ➝ GBX 3,340+20.14%
5/14/2024Shore Capital
1 of 5 stars
 Reiterated RatingHouse Stock
3/20/2024Jefferies Financial Group
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 Reiterated RatingBuyGBX 3,450+22.34%
5/16/2023Peel Hunt
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 Reiterated RatingHoldGBX 2,500-9.30%
5/16/2023Liberum Capital
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 DowngradeHoldGBX 2,800+1.16%
3/8/2023Deutsche Bank Aktiengesellschaft
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 Reiterated RatingBuyGBX 2,950+10.07%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Sunday at 12:50 AM ET.

GRG Forecast - Frequently Asked Questions

What is Greggs' forecast for 2024?

According to the research reports of 4 Wall Street equities research analysts, the average twelve-month stock price forecast for Greggs is GBX 3,375, with a high forecast of GBX 3,450 and a low forecast of GBX 3,335.

Should I buy or sell Greggs stock right now?

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Greggs in the last twelve months. There is currently 1 hold rating and 3 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" GRG shares.

Does Greggs's stock price have much upside?

According to analysts, Greggs's stock has a predicted upside of 20.77% based on their 12-month stock forecasts.

What analysts cover Greggs?

Greggs has been rated by research analysts at Berenberg Bank, Royal Bank of Canada, and Shore Capital in the past 90 days.

Do Wall Street analysts like Greggs more than its competitors?

Analysts like Greggs more than other "consumer cyclical" companies. The consensus rating score for Greggs is 2.75 while the average consensus rating score for "consumer cyclical" companies is 2.50. Learn more on how GRG compares to other companies.


This page (LON:GRG) was last updated on 7/20/2024 by MarketBeat.com Staff

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