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Greggs plc 7.6% Potential Decrease Indicated by Berenberg

Greggs plc using EPIC/TICKER code (LON:GRG) has had its stock rating noted as ‘Reiterates’ with the recommendation being set at ‘HOLD’ today by analysts at Berenberg. Greggs plc are listed in the Consumer Services sector within UK Main Market. Berenberg have set a target price of 1600 GBX on its stock. This now indicates the analyst believes there is a potential downside of -7.6% from today’s opening price of 1732 GBX. Over the last 30 and 90 trading days the company share price has increased 174 points and increased 424 points respectively. The 1 year high for the stock price is 1854 GBX while the 52 week low is 939 GBX.

Greggs plc has a 50 day moving average of 1,633.98 GBX and a 200 day moving average of 1,251.19. There are currently 101,155,901 shares in issue with the average daily volume traded being 528,401. Market capitalisation for LON:GRG is £1,777,309,180 GBP.