Greggs (OTCMKTS:GGGSF) Shares Up 1.3% – Here’s Why

Shares of Greggs plc (OTCMKTS:GGGSF) shot up 1.3% during trading on Tuesday . The stock traded as high as $22.1395 and last traded at $22.1395. 894 shares changed hands during trading, a decline of 73% from the average session volume of 3,327 shares. The stock had previously closed at $21.8586.

Analysts Set New Price Targets

Separately, Jefferies Financial Group cut shares of Greggs to a “hold” rating in a report on Sunday, February 8th. One investment analyst has rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold”.

Greggs Price Performance

The company’s 50-day simple moving average is $22.68 and its two-hundred day simple moving average is $22.12.

Greggs Company Profile

Greggs plc, trading on the OTC Markets under the symbol GGGSF, is a leading UK-based bakery chain specializing in freshly prepared food and beverage offerings. Established in 1939, the company has grown from a single bakery in Newcastle upon Tyne into one of Britain’s most recognized high-street brands. Greggs operates a network of more than 2,000 retail outlets, including stand-alone shops, in-store concessions, and kiosks situated in transport hubs and convenience locations across England, Scotland and Wales.

The company’s core product range centers on bakery items such as its iconic sausage rolls, pastries, and sweet treats, complemented by a selection of sandwiches, salads and hot and cold beverages.