Greggs (OTCMKTS:GGGSF) Shares Up 0.1% – Here’s Why

Greggs plc (OTCMKTS:GGGSF) shot up 0.1% on Tuesday . The company traded as high as $22.00 and last traded at $22.00. 2,331 shares were traded during mid-day trading, a decline of 32% from the average session volume of 3,426 shares. The stock had previously closed at $21.9750.

Wall Street Analyst Weigh In

Separately, Royal Bank Of Canada restated an “outperform” rating on shares of Greggs in a research note on Thursday, October 2nd. One analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold”.

Greggs Trading Up 0.1%

The business’s 50-day moving average price is $22.08 and its 200 day moving average price is $22.25.

About Greggs

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.