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GRG Greggs Plc

2,874.00
14.00 (0.49%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Greggs Plc LSE:GRG London Ordinary Share GB00B63QSB39 ORD 2P
  Price Change % Change Share Price Shares Traded Last Trade
  14.00 0.49% 2,874.00 108,492 16:35:05
Bid Price Offer Price High Price Low Price Open Price
2,876.00 2,880.00 2,896.00 2,850.00 2,878.00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Bakeries-retail 1.81B 142.5M 1.4065 20.45 2.91B
Last Trade Time Trade Type Trade Size Trade Price Currency
18:28:22 O 1,600 2,874.912 GBX

Greggs (GRG) Latest News

Greggs (GRG) Discussions and Chat

Greggs Forums and Chat

Date Time Title Posts
27/3/202411:26Greggs with Charts & News4,813
05/3/202407:34Greggs not getting the attention it deserves!9
16/2/202314:42Greggs - The Dough is Rising348
12/11/202016:32Greggs PLC Full Year Results 07.03.19 Preview1
19/5/200908:00GREGGS COULD HAVE (PROMISING) INTERIMS45

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Greggs (GRG) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2024-03-28 18:28:232,874.911,60045,998.59O
2024-03-28 18:10:252,877.9152415,080.24O
2024-03-28 18:08:112,882.00992,853.18O
2024-03-28 18:07:342,877.8776822,102.04O
2024-03-28 17:57:482,874.2960617,418.18O

Greggs (GRG) Top Chat Posts

Top Posts
Posted at 28/3/2024 08:20 by Greggs Daily Update
Greggs Plc is listed in the Bakeries-retail sector of the London Stock Exchange with ticker GRG. The last closing price for Greggs was 2,860p.
Greggs currently has 101,318,712 shares in issue. The market capitalisation of Greggs is £2,913,926,157.
Greggs has a price to earnings ratio (PE ratio) of 20.45.
This morning GRG shares opened at 2,878p
Posted at 27/3/2024 11:13 by octavio
Directors' purchases and share options are announced.
Posted at 06/3/2024 14:02 by philanderer
Barclays raises Greggs price target to 3,335 (3,080) pence - 'overweight'
Posted at 05/3/2024 19:22 by philanderer
Greggs staff to share £17.6m bonus pot after record annual profit


Bakery chain overtakes McDonald’s to become UK’s most popular breakfast spot
Posted at 05/3/2024 14:36 by philanderer
EXPERT VIEWS

Russ Mould, investment director at AJ Bell, commented: ‘Greggs is getting more from existing stores by having them open for longer, while at the same time it continues to open new sites. Behind the scenes, it is reinvesting cash flow into manufacturing, distribution and logistics capabilities to support its growth.’

Mould pointed out the FTSE 250 firm’s ‘drive to be the food-on-the-go king is paying off’, with Greggs’ market share at an all-time high and the business having grabbed the top spot for breakfast.

‘It’s hard to think of another British company which remains a core name on the high street and which is still growing as much as Greggs. The brand is now iconic and its sausage rolls legendary. The pace of growth actually slowed each quarter during the past year, albeit still delivering the kind of success most companies can only dream of.’

Begbies Traynor’s (BEG:AIM) Julie Palmer said: ‘The success of Greggs’ delivery partnerships, as well as extended trading hours and a more efficient supply chain, clearly demonstrate that management are finding all the right ingredients to drive sustainable growth alongside the store opening programme.

‘Momentum has clearly continued into the new financial year, but the food-to-go operator must soon grapple with a minimum wage increase and another hike in business rates, so maintaining expectations is the cherry on the top at a time when companies are being fairly conservative given the levels of uncertainty.’


SHARESMAGAZINE.CO.UK
Posted at 02/2/2024 11:19 by philanderer
Promo


This Valentine’s Day, do one better and get that special someone the gift that screams “I’m a melt”.

Introducing: the Greggs Bake Tray. A selection of our finest menu items, pastry-packed with four bakes and two rolls, this box of bliss is the perfect moment to share with your other half, best friend, even your mum - we won’t judge.
Posted at 24/1/2024 12:40 by philanderer
"Numis starts Greggs at ‘hold’, says growth is ‘baked in’"

Numis initiated coverage of Greggs on Wednesday with a ‘hold’ rating and 2,560p price target as it said growth was "baked in".

Greggs is "the undisputed UK food-to-go specialist", it said, with a share of around 8% of a "highly fragmented" market.

Numis said the company’s track record is impressive, reporting 10-year CAGR store growth of 3.4%, revenue of 7.5% and pre-tax profit of 11.3%.

It noted that in 2021, management set out to double revenue from £1.2bn to £2.4bn by 2026 and has already achieved half of this.

"However, over the next three years an increasing amount of this growth will originate from franchisees, delivery and loyalty, all dilutive to gross margin and in most instances to EBIT margin too meaning we forecast profit before tax CAGR of circa 10%," it said.

"The shares are trading at 20x FY24E price-to-earnings rate, in line with five-year average and therefore we initiate with a hold."

The broker said it prefers Domino’s, which has a clearer growth trajectory, is less capital intensive and trades at an 8% discount to Greggs.



Sharecast.com
Posted at 12/1/2024 11:29 by philanderer
Barclays raises Greggs price target to 3,080 (3,020) pence - 'overweight'
Posted at 11/1/2024 13:36 by philanderer
Liberum upgrades Greggs as it dishes out hot numbers


Liberum has upgraded high-street baker Greggs (GRG) as it believes there is more to go for as inflationary costs recede.

Analyst Wayne Brown upgraded his recommendation from ‘hold’ to ‘buy’ and retained his £28.00 target price on the Citywire Elite Companies A-rated stock, which was trading at £26.06 on Wednesday.

The group reported ‘a very strong update’ delivering a fourth-quarter sales growth of 9.4% and full-year growth of 19.6%, above the 18% delivered last year.

‘Store openings are ahead of expectations and while the profit and loss is in line with expectations, cash generation has massively beaten our expectations, with net cash of £195m at year-end versus our £130m expectation,’ said Brown.

He said a ‘buy’ is the right call given ‘inflation is now receding and openings expected to ramp up further’.

‘It seems like all the strategic initiatives have contributed to such a strong performance,’ he added.


citywire.com
Posted at 06/11/2023 14:10 by waldron
Analysts' Consensus

Mean consensus
BUY

Number of Analysts
11

Last Close Price
25.12GBP

Average target price
32.27GBP
Spread / Average Target
+28.46%

High Price Target
40.00GBP
Spread / Highest target
+59.24%

Low Price Target
25.00GBP
Spread / Lowest Target
-0.48%
Posted at 07/8/2023 14:46 by essentialinvestor
Bought a few on Friday following the post results drop.

Agree the share price had got a little ahead of itself, results read well.
Not an easy backdrop over the last few years and GRG have continued to deliver - pun intended.
Greggs share price data is direct from the London Stock Exchange

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