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Greggs Share Price - GRG

Share Name Share Symbol Market Type Share ISIN Share Description
Greggs LSE:GRG London Ordinary Share GB00B63QSB39 ORD 2P
  Price Change Price Change % Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -5.00 -0.44% 1,121.00 1,119.00 1,122.00 1,125.00 1,105.00 1,112.00 207,295 16:35:25
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m) RN NRN
Food & Drug Retailers 804.0 49.7 37.4 30.0 1,133.96

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Date Time Title Posts
04/9/201515:43Greggs with Charts & News2,650
03/9/201512:52Greggs - The Dough is Rising210
19/5/200909:00GREGGS COULD HAVE (PROMISING) INTERIMS45
13/3/200710:08Greggs - Express reports about Stock Split - making shares more liquid109
03/11/200610:02nbm-

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DateSubject
06/5/2015
07:38
opodio: Respected fund manager http://www.ukvalueinvestor.com/2015/05/shares-in-greggs-plc-are-too-expensive-according-to-these-metrics.html/ Shares in Greggs PLC are too expensive according to these metrics May 2, 2015 by John Kingham Leave a Comment Back in 2012 I bought a few shares in Greggs for 485p. To me it looked like a solid, relatively defensive company with a good track record of dividend growth and an attractive near-5% dividend yield. Fast forward to late 2014 and I decided to sell my shares in Greggs at 599p, largely because the shares were no longer obviously cheap. I’d made almost 30% in two years and I wanted to invest in other companies that were trading at more attractive prices. But of course the market is a funny thing and what one person thinks is expensive (599p) another thinks is cheap. As I got out, Greggs’ share price increase sucked in the “momentum” crowd, those investors who buy whatever’s going up, and they continued to drive the price up and up and up. Today the shares stand at almost 1,200p, twice the price I thought was about fair value. At today’s level the company’s shares have: Dividend yield = 2% (FTSE 100 = 3.4%) PE10 (share price to 10 year average earnings) = 31 (FTSE 100 = 16.3) PD10 (share price to 10 year average dividend) = 63.3 (FTSE 100 = 34.6) In every way the shares are more expensive than average, implying that investors think Greggs is substantially better than the average company. In fact those multiples assume that Greggs is in the same league as Sky, Reckitt Benckiser, Next and other companies that have been extremely successful over prolonged periods of time. I’m not remotely convinced that’s right. I think Greggs’ share price could have a long way to fall if the company even slightly disappoints the market.
14/5/2015
13:03
dlku: http://www.ukvalueinvestor.com/2015/05/shares-in-greggs-plc-are-too-expensive-according-to-these-metrics.html/ Back in 2012 I bought a few shares in Greggs for 485p. To me it looked like a solid, relatively defensive company with a good track record of dividend growth and an attractive near-5% dividend yield. Fast forward to late 2014 and I decided to sell my shares in Greggs at 599p, largely because the shares were no longer obviously cheap. I’d made almost 30% in two years and I wanted to invest in other companies that were trading at more attractive prices. But of course the market is a funny thing and what one person thinks is expensive (599p) another thinks is cheap. As I got out, Greggs’ share price increase sucked in the “momentum” crowd, those investors who buy whatever’s going up, and they continued to drive the price up and up and up. Today the shares stand at almost 1,200p, twice the price I thought was about fair value. At today’s level the company’s shares have: Dividend yield = 2% (FTSE 100 = 3.4%) PE10 (share price to 10 year average earnings) = 31 (FTSE 100 = 16.3) PD10 (share price to 10 year average dividend) = 63.3 (FTSE 100 = 34.6) In every way the shares are more expensive than average, implying that investors think Greggs is substantially better than the average company. In fact those multiples assume that Greggs is in the same league as Sky, Reckitt Benckiser, Next and other companies that have been extremely successful over prolonged periods of time. I’m not remotely convinced that’s right. I think Greggs’ share price could have a long way to fall if the company even slightly disappoints the market.
05/6/2015
12:39
crbema: Greggs plc using EPIC code LON:GRG has had its stock rating noted as ‘Reiterates’ with the recommendation being set at ‘BUY’ today by analysts at Canaccord Genuity. Greggs plc are listed in the Consumer Services sector within UK Main Market. Canaccord Genuity have set their target price at 1350 GBX on its stock. This would indicate that the analyst believes there is a potential upside of 13.7% from the opening price of 1187 GBX. Greggs plc LON:GRG has a 50 day moving average of 1,133.07 GBX and a 200 Day Moving Average share price is recorded at 825.72 GBX. The 1 year high stock price is 1218 GBX while the year low share price is currently 497.5 GBX. http://www.directorstalkinterviews.com/greggs-plc-13-7-potential-upside-indicated-by-canaccord-genuity/412665765
06/5/2015
16:11
dlku: Today the shares stand at almost 1,200p, twice the price I thought was about fair value. At today’s level the company’s shares have: Dividend yield = 2% (FTSE 100 = 3.4%) PE10 (share price to 10 year average earnings) = 31 (FTSE 100 = 16.3) PD10 (share price to 10 year average dividend) = 63.3 (FTSE 100 = 34.6) In every way the shares are more expensive than average, implying that investors think Greggs is substantially better than the average company. In fact those multiples assume that Greggs is in the same league as Sky, Reckitt Benckiser, Next and other companies that have been extremely successful over prolonged periods of time. I’m not remotely convinced that’s right. I think Greggs’ share price could have a long way to fall if the company even slightly disappoints the market.
12/8/2015
09:45
mike740: AND.................. Greggs downgraded by Canaccord StockMarketWire.com Canaccord Genuity has lowered its investment rating on Greggs (LON:GRG), the high street baker and sausage roll king pin, following last week's interims and despite describing them as being "excellent" and better than expected. However, the broker pointed out that the shares have tripled their value in the last twelve months and reckons investors will now have to pick their entry point with a bit more care. "Longer term, there is still plenty to do. Greggs is still a long way from being a best-in-class operator, but the systems overhaul (a five year project), increased focus on logistic capacity (needed in the SE), further shop format developments and menu initiatives demonstrate serious intent," analysts added. Canaccord has left its price target unchanged at 1,350 pence a share. At 12:22pm: (LON:GRG) Greggs PLC share price was -13.5p at 1271.5p
21/8/2015
15:38
dlku: feel i ought to repost berenbergs 820p target and reasons Why> because I'm selfless and good guy RELATED QUOTES Symbol Price Change GGGSF 20.30 0.00 LONDON (ShareCast) - Broker Berenberg has begun coverage of Greggs (Other OTC: GGGSF - news) with a 'sell' recommendation on the fast food chain's shares as the market appears to be ignoring several potential risks ahead. Greggs's recent strategy to focus on its core food-on-the-go market and improve the supply chain has been met with initial success, helping the company pick itself up after struggles in the face of new market entrants and the rapid expansion of other rivals. The strategic overhaul launched in 2013 has provided some initial success, with total sales up 5.5% in 2014 and own shop like-for-like sales up 4.5% - the strongest like-for-like growth since the recession. This contributed to a 40% increase in pre-exceptional operating profits in 2014 to £58.1m. For 2015, management believes market conditions remain favourable: costs are well under control, it should achieve net shop growth of 20-30 sites and, despite being mindful of the strong sales comparatives in 2014, it remains optimistic on the year. But with the stock responding well to the improvement in business performance, analysts at the German bank believe risks still remain in the recovery story that are not being captured in the share price, which is now up 90% since July 2014. The stock trades at 19.8 times forecast 2015 earnings versus UK food service peers on 21.9 times earnings. Berenberg's UK food retail team say potential risks lie in the competitive nature of a market growing at circa 2-6% per year and driven by both like-for-like growth in existing sites and continued roll-outs of new sites from a plethora of competitors such as coffee shops, supermarket convenience stores, specialists and fast food operators. Like-for-like comparisons are expected to become tougher through 2015, demanding more from the existing product offering. Then, while the plan to refurbish stores and exit poorly performing ones has seen initial success, the analysts believe the net store additions will be limited in the coming years and will not contribute materially to top-line growth. Finally, it is likely to be hard for the company to replicate the type of margin growth seen between 2013 and 2014 when EBIT margins rose 1.8% to 7.2%. "While management is seeing continued ingredient and packaging cost deflation and an improvement in efficiencies which will contribute to EBIT margin progression in the coming years, we believe much of this is already priced in." "With new competition entering the market and management anticipating the need for 1-2% like-for-like growth for the margins to standstill we see limited scope for future margin progression." Berenberg initiates with a price target of 820p. another thorn tons disaster
21/8/2015
13:20
the maverick1: RELATED QUOTES Symbol Price Change GGGSF 20.30 0.00 LONDON (ShareCast) - Broker Berenberg has begun coverage of Greggs (Other OTC: GGGSF - news) with a 'sell' recommendation on the fast food chain's shares as the market appears to be ignoring several potential risks ahead. Greggs's recent strategy to focus on its core food-on-the-go market and improve the supply chain has been met with initial success, helping the company pick itself up after struggles in the face of new market entrants and the rapid expansion of other rivals. The strategic overhaul launched in 2013 has provided some initial success, with total sales up 5.5% in 2014 and own shop like-for-like sales up 4.5% - the strongest like-for-like growth since the recession. This contributed to a 40% increase in pre-exceptional operating profits in 2014 to £58.1m. For 2015, management believes market conditions remain favourable: costs are well under control, it should achieve net shop growth of 20-30 sites and, despite being mindful of the strong sales comparatives in 2014, it remains optimistic on the year. But with the stock responding well to the improvement in business performance, analysts at the German bank believe risks still remain in the recovery story that are not being captured in the share price, which is now up 90% since July 2014. The stock trades at 19.8 times forecast 2015 earnings versus UK food service peers on 21.9 times earnings. Berenberg's UK food retail team say potential risks lie in the competitive nature of a market growing at circa 2-6% per year and driven by both like-for-like growth in existing sites and continued roll-outs of new sites from a plethora of competitors such as coffee shops, supermarket convenience stores, specialists and fast food operators. Like-for-like comparisons are expected to become tougher through 2015, demanding more from the existing product offering. Then, while the plan to refurbish stores and exit poorly performing ones has seen initial success, the analysts believe the net store additions will be limited in the coming years and will not contribute materially to top-line growth. Finally, it is likely to be hard for the company to replicate the type of margin growth seen between 2013 and 2014 when EBIT margins rose 1.8% to 7.2%. "While management is seeing continued ingredient and packaging cost deflation and an improvement in efficiencies which will contribute to EBIT margin progression in the coming years, we believe much of this is already priced in." "With new competition entering the market and management anticipating the need for 1-2% like-for-like growth for the margins to standstill we see limited scope for future margin progression." Berenberg initiates with a price target of 820p.
21/8/2015
12:35
dlku: RELATED QUOTES Symbol Price Change GGGSF 20.30 0.00 LONDON (ShareCast) - Broker Berenberg has begun coverage of Greggs (Other OTC: GGGSF - news) with a 'sell' recommendation on the fast food chain's shares as the market appears to be ignoring several potential risks ahead. Greggs's recent strategy to focus on its core food-on-the-go market and improve the supply chain has been met with initial success, helping the company pick itself up after struggles in the face of new market entrants and the rapid expansion of other rivals. The strategic overhaul launched in 2013 has provided some initial success, with total sales up 5.5% in 2014 and own shop like-for-like sales up 4.5% - the strongest like-for-like growth since the recession. This contributed to a 40% increase in pre-exceptional operating profits in 2014 to £58.1m. For 2015, management believes market conditions remain favourable: costs are well under control, it should achieve net shop growth of 20-30 sites and, despite being mindful of the strong sales comparatives in 2014, it remains optimistic on the year. But with the stock responding well to the improvement in business performance, analysts at the German bank believe risks still remain in the recovery story that are not being captured in the share price, which is now up 90% since July 2014. The stock trades at 19.8 times forecast 2015 earnings versus UK food service peers on 21.9 times earnings. Berenberg's UK food retail team say potential risks lie in the competitive nature of a market growing at circa 2-6% per year and driven by both like-for-like growth in existing sites and continued roll-outs of new sites from a plethora of competitors such as coffee shops, supermarket convenience stores, specialists and fast food operators. Like-for-like comparisons are expected to become tougher through 2015, demanding more from the existing product offering. Then, while the plan to refurbish stores and exit poorly performing ones has seen initial success, the analysts believe the net store additions will be limited in the coming years and will not contribute materially to top-line growth. Finally, it is likely to be hard for the company to replicate the type of margin growth seen between 2013 and 2014 when EBIT margins rose 1.8% to 7.2%. "While management is seeing continued ingredient and packaging cost deflation and an improvement in efficiencies which will contribute to EBIT margin progression in the coming years, we believe much of this is already priced in." "With new competition entering the market and management anticipating the need for 1-2% like-for-like growth for the margins to standstill we see limited scope for future margin progression." Berenberg initiates with a price target of 820p.
07/8/2015
09:13
cestnous: I.C. today on results; Greggs cooking up growth Sales are rising at Greggs (GRG) the baker, driven by its pursuit of the ‘food-to-go217; market. Breakfast and coffee sales were stand-out performers during the first half, while the group’s sandwich range has prospered after last summer’s relaunch. The baker reported strong growth in its ‘balanced choice’ products, aimed at health-conscious consumers and slimmers, which now include a range of no-added-sugar drinks. Product extensions, as well as Greggs’ £2 meal value deals, helped drive up like-for like sales by 5.9 per cent. Greggs is also ploughing ahead with its refurbishment programme, switching 118 new stores to its ‘bakery food-on-the-go format’. The baker also moved back into net store growth, opening 44 and closing 30. Accordingly, the group’s capital expenditure increased by a third to £31.3m, with this year’s total spend expected to come in at around £65m. While Greggs’ consolidation of its in-store bakeries depressed profits in 2014, it resulted in a £2.4m cost-reduction this year and boosted the group’s operating margin. Other structural cost reduction plans are expected to generate £5m-£6m in savings over the full year. Broker N+1 Singer expects adjusted EPS of 53.4p for the full year, up from 43.4p in 2014. H Greggs’ food-on-the-go strategy has clearly worked well in driving sales. The group also paid a special dividend of 20p in July, which is encouraging. However, the group’s share price is up by more than 142 per cent over the past 12 months meaning they now trade on a lofty 24 times forward earnings. EP
25/7/2015
03:01
lauders: Also found this take on the company's share price: hTTp://www.bullbearings.co.uk/traders.views.php?gid=1&id=781 Worth sharing the bear side as well as the bull. Not doubt some on the other thread would love this article. 600p would need something rather drastic to take place though! For the bull-side, not so serious but still...... hTTp://www.the42.ie/greggs-2153358-Jun2015/?r_dir_d=1 Sticking with GRG still seems the way to go from my side.

Greggs Most Recent Trade

Trade Type Trade Size Trade Price Trade Date Trade Time Currency
O 15,970 1,122.45 04 Sep 2015 16:36:33 GBX


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