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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 Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  14.00 0.49% 2,874.00 2,876.00 2,880.00 2,896.00 2,850.00 2,878.00 108,492 16:35:05
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Bakeries-retail 1.81B 142.5M 1.4065 20.45 2.91B
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. Over the last year, Greggs shares have traded in a share price range of 2,248.00p to 2,914.00p.

Greggs currently has 101,318,712 shares in issue. The market capitalisation of Greggs is £2.91 billion. Greggs has a price to earnings ratio (PE ratio) of 20.45.

Greggs Share Discussion Threads

Showing 4551 to 4572 of 5325 messages
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DateSubjectAuthorDiscuss
13/5/2020
16:41
Another 10% downside would be around the March plunge lows.
essentialinvestor
13/5/2020
16:38
Im the same paul
gozzie2
13/5/2020
16:23
I really do believe in Greggs and think what management have demonstrated over the past few years puts them on a good footing over the long run however can’t help but think this has a bit further to drop yet until it represents some value.

Another 10% and could be worth it for the long term imo.

Gl those already in

paulof2
13/5/2020
13:05
Slightly out of date but think has detail and a link to another article with details not previously posted.
alphabeta4
13/5/2020
12:53
The bigger headwind is unemployment.

The flip side is a lot of sector capacity gets taken out,
stronger operators get stronger etc.

essentialinvestor
13/5/2020
07:35
Just reading about twitter saying staff can work from home forever if they wish, how many digital savvy uk companies will follow that kind of lead, staff currently working from home in call centres/ offices that don't need to leave the home and pass the shops to get to the dreaded desk.

Any new model for 'food on the go' with less people on the go.

spacecake
12/5/2020
20:58
Way overpriced at present given the situation
bergster56
12/5/2020
20:58
600p is where we are going before recovery
bergster56
12/5/2020
20:57
Bet against them all day long for at least the next 18 months
bergster56
12/5/2020
16:43
I'm not bearish on GRG longer term, just for clarity.
It's a fantastic company as mentioned many times.

Long term investors dont tend to worry about monthly price movements,
leave that to those trading.

essentialinvestor
12/5/2020
16:22
Greggs never needed to close as most of the stores are take away food. They closed because most of their stores are in locations where there was significantly reduced demand.
Are Greggs better off now without having to pay furloughed staff or with all the shops open and with takings down 50%?
My local Greggs is on a local high street. Demand for lunchtime sandwiches and warm pastries would have been significantly down but Greggs could have made up those sales on bread, cold pastry and cakes. Butcher, greengrocer, hardware store and minimarts have queues most of the day and sales have more than doubled for all of them.
Local retail trading association announced today they are planning to reopen June 1st on reduced hours of 10 to 4

darrin1471
12/5/2020
15:32
This thread is absurd now. No incentive to open shops because of furlough?! Do you really think they will just go ‘ah, no worries until October’? What about maintaining their market share? What about getting their supply chain back up and running? The Greggs ‘manufacturers’ (I.e factory workers) who have been encouraged to get back to work are just going to what...manufacture things to fill the time?

Honestly, the shops will be open the minute it is feasible. Reasonable bear cases welcome but not fantasy land. They were going to reopen two weeks ago before the slight backlash - you think now Starbucks, costa eat al are coming back that Greggs will be far behind? Come on now...

skeptic1
12/5/2020
15:19
By 2022 they may be around 2019 levels of profitability?, doubt it will be 21.
So the current price looks pretty fair to me, unless your view is multi year.

essentialinvestor
12/5/2020
15:03
With furlough extended to October then there is no incentive to open all the stores any time soon. Staff who have kids at home can stay furloughed. Greggs can open shops with highest footfall when profitable to do so.
2020 figure will be awful. The judgement is when and to what level profits will return in 2021 and 2022.

darrin1471
12/5/2020
14:11
It may take a couple of years to reach 2019 profitability again imv

The share price was below £12 in November 2018.

essentialinvestor
12/5/2020
14:00
skeptic1 -

Not if they rely on dividends for income!

However, I don't accept that Greggs is a dog. It may take a while but I feel sure they will pull something out of the hat.

bouleversee
12/5/2020
13:30
Newcastle, my local shop has opened with folk lined up down the high street to get their pasty fix - pandemic, what pandemic !
spacecake
12/5/2020
12:29
I think that people can still afford £1 for a sausage roll lol
skeptic1
12/5/2020
11:49
2 to 3 million unemployed imo as well .All not good for the high street in the short term .
gozzie2
12/5/2020
11:24
High street might be open but not rammed .No changing rooms large stores people on public transport encouraged not to use it .Pubs maybe still shut .Office workers working from home .Betting shops closed perhaps .I cant see it being rammed .
gozzie2
12/5/2020
09:29
Taken a very small nibble today, high Street will be fully open by July maybe mid June and Greggs will be rammed shoulder to shoulder.Target to sell before the winter second wave caused by Greg's opening all imo dyor ofc :)
rathean
12/5/2020
08:51
The company is finished for 2020
this_time_its_different
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