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Greggs plc 5.2% Potential Decrease Indicated by HSBC

Greggs plc with EPIC/TICKER (LON:GRG) had its stock rating noted as ‘Reiterates’ with the recommendation being set at ‘HOLD’ 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 2000 GBX on its stock. This is indicating the analyst believes there is a potential downside of -5.2% from the opening price of 2110 GBX. Over the last 30 and 90 trading days the company share price has increased 293 points and increased 338 points respectively. The 1 year high stock price is 2188.04 GBX while the year low stock price is currently 939 GBX.

Greggs plc has a 50 day moving average of 1,865.11 GBX and a 200 day moving average of 1,453.96. There are currently 101,155,901 shares in issue with the average daily volume traded being 253,114. Market capitalisation for LON:GRG is £2,180,819,970 GBP.

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