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Greggs plc 2.9% Potential Upside Indicated by HSBC

Greggs plc with EPIC/TICKER (LON:GRG) had its stock rating noted as ‘Reiterates’ with the recommendation being set at ‘BUY’ this morning by analysts at HSBC. Greggs plc are listed in the Consumer Services sector within UK Main Market. HSBC have set a target price of 1600 GBX on its stock. This indicates the analyst now believes there is a potential upside of 2.9% from the opening price of 1555 GBX. Over the last 30 and 90 trading days the company share price has increased 51 points and increased 347 points respectively. The 52 week high share price is 1629 GBX while the year low share price is currently 939 GBX.

Greggs plc has a 50 day moving average of 1,451.02 GBX and a 200 day moving average of 1,175.43. There are currently 101,155,901 shares in issue with the average daily volume traded being 517,774. Market capitalisation for LON:GRG is £1,583,919,274 GBP.