Greggs Share Discussion Threads

[montyhedge] 01/9/2021 10:09

If Greggs were US quoted shareprice would be a lot higher, I see this growth company growing like a Dunkin Doughnuts, McDonalds etc. I bet taken over in a couple of years time, by one of the big boys.

[iammrweald] 26/8/2021 10:19

Students back soon...££££££

[spacecake] 26/8/2021 10:12

Try the new vegan sausage and bean melt there very good.

[toffeeman] 24/8/2021 14:57

>> monty - so indistinguishable from the regular sausage roll then :)

[montyhedge] 24/8/2021 14:02

Done research, on their vegan sausage roll, all I could taste was salt, it was horrible. But very busy and queues.

[philanderer] 03/8/2021 09:29

😀👍🏼

[spacecake] 03/8/2021 07:01

Nice pandemic bounce back, but the news for me is....

Our latest line, the 'Vegan Sausage, Bean & Cheeze Melt' is due in our shops from 5 August.

Drool !

[bouleversee] 20/7/2021 13:33

What do you mean by "coming off"?

[montyhedge] 20/7/2021 12:43

Once the sit down places start to re-open, I see Greggs coming off.

[philanderer] 30/6/2021 00:10

Hi bouleversee , pretty well safe to say somewhere between the two ;-)

[bouleversee] 29/6/2021 10:35

So, who do you think is right, Phil? I doubt if either of them knows any more than you do. I intend to sit tight and wait for events to catch up with the valuation.

[philanderer] 29/6/2021 09:46

Shore Capital salutes Greggs’ ‘exceptional’ bounce-back


An impromptu trading update from Greggs (GRG) shows how strongly the high street baker has bounced back and is pushing Shore Capital to review its recommendation.

However, analyst Clive Black retained his ‘sell’ recommendation on the stock, which closed up 2.9%, or 74p, at £26.34 on Monday. The chain reported positive momentum since its stores had reopened after lockdown which should have a ‘materially positive impact’ on full year results should it continue.

Black said the group had ‘bounced back exceptionally well’ and showed ‘considerable resilience’.

‘Chasing our tail a bit, we shall reintroduce new forecasts for Greggs following publication of its interim results, with a view to measuring how close the stock is trading relative to our estimation of fair value: the shares have been trading on somewhat elevated multiples for some time,’ he said.

‘We shall also review our present “sell” stance at that time.’


HTTPS://citywire.co.uk/funds-insider/news/expert-view-astrazeneca-jd-sports-petrofac-greggs-and-alpha-financial/a1524218?section=funds-insider&_ga=2.33020406.917469266.1624959738-1068178417.1624959738#i=3

[philanderer] 29/6/2021 09:39

JEFFERIES RAISES GREGGS PRICE TARGET TO 3,350 (3,000) PENCE - 'BUY'

[philanderer] 28/6/2021 09:52

Good update.

------------

Retail analyst Clive Black of Shore Capital said: "Greggs has bounced back exceptionally well, it should be said, and has showed itself to be very much a loved brand by shoppers."

Alliance News

[philanderer] 25/6/2021 10:02

Usually one year from the print.


BERENBERG RAISES GREGGS PRICE TARGET TO 2,950 (2,100) PENCE - 'BUY'

[bouleversee] 14/5/2021 10:26

Which year?

[philanderer] 14/5/2021 10:08

JEFFERIES RAISES GREGGS PRICE TARGET TO 3,000 (2,500) PENCE - 'BUY'

[philanderer] 11/5/2021 13:35

Shore Capital: ‘sell’ Greggs despite strong recovery


A recovery in sales at Greggs (GRG) isn’t enough for Shore Capital to change to a more optimistic outlook on the high street baker, which it believes is overvalued.

Analyst Clive Black reiterated his ‘sell’ recommendation on the stock after sales moved past pre-pandemic levels after the reopening of its stores. The shares closed up 10.5%, or 246p, at £25.91 on Monday.

‘With Greggs stock trading on a financial year 2021 price/earnings ratio of over 25 times, noting state aid, and 2022 and 2023 multiples that are likely to be in the 20-25 times range, we see the stock as somewhat overvalued,’ he said.

Black added that supermarkets are trading on roughly half that multiple and ‘while they do not have the store opening potential of Greggs…the valuation gulf remains a bit too high still to us’.

However, the analyst said ‘hats off’ to the company’s boss Roger Whiteside for ‘the effective engineering of Greggs in an immensely challenging period’.


HTTPS://citywire.co.uk/investment-trust-insider/news/expert-view-unilever-iag-greggs-centrica-and-provident-financial/a1505863?section=investment-trust-insider&_ga=2.249255170.423179759.1620739848-690323066.1620584692#i=4

[bouleversee] 11/5/2021 11:15

And the price drops like a stone, though now recovering a bit.

[philanderer] 11/5/2021 09:55

BARCLAYS RAISES GREGGS PRICE TARGET TO 2,790 (2,600) PENCE - 'OVERWEIGHT'

[bouleversee] 10/5/2021 18:29

I bought at £4.68 in Jan. 2011 how time flies; seems like yesterday) and top ups at £20.84 in Sept. 2019 and £18.83 in Oct. 2019. Glad to see that the latter two are back in profit again. Let's hope they keep rolling along.

[toffeeman] 10/5/2021 16:09

>> Phil
"Greggs has been on a roll"

made me smile