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GRG Greggs Plc

2,820.00
-26.00 (-0.91%)
13 Jun 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
  -26.00 -0.91% 2,820.00 2,810.00 2,814.00 2,902.00 2,802.00 2,902.00 90,101 16:35:07
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Bakeries-retail 1.81B 142.5M 1.4065 19.99 2.85B
Greggs Plc is listed in the Bakeries-retail sector of the London Stock Exchange with ticker GRG. The last closing price for Greggs was 2,846p. Over the last year, Greggs shares have traded in a share price range of 2,248.00p to 2,976.00p.

Greggs currently has 101,318,712 shares in issue. The market capitalisation of Greggs is £2.85 billion. Greggs has a price to earnings ratio (PE ratio) of 19.99.

Greggs Share Discussion Threads

Showing 5151 to 5174 of 5375 messages
Chat Pages: 215  214  213  212  211  210  209  208  207  206  205  204  Older
DateSubjectAuthorDiscuss
19/11/2022
08:33
Greggs would do well to use the insurance money to reduce gearing. This would provide an eventual boost to the share price as debt is getting expensive.
johnkidd1
02/11/2022
10:12
Greggs can serve up premium gains, says Jefferies


Greggs’ (GRG) pricing position remains strong and Jefferies believes the high street baker can serve up premium returns.

Analyst Andrew Wade retained his ‘buy’ recommendation and target price of £29 on the stock, which was trading up 3% at £20.78 early on Tuesday afternoon.

Jefferies’ research suggests Greggs is ‘maintaining its price position’, having put through four rounds of price increases in the last 12 months, the first at the end of December 2021 and the most recent at the start of October. The chain’s sandwich prices have now increased by around 8%, versus 14% for competitors on average.

‘We believe the business offers premium returns, a robust growth profile and resilience. Although the shares have begun to recover ground lost this year, we see further upside and, on 16.5x [estimated 2023 full-year earnings], reiterate “buy”,’ said the analyst.

Wade added that growth drivers are intact for 2023 and he continued ‘to forecast a solid step forward in full-year 2023 profit, supported by the contribution from new and maturing stores, the stronger price recovery position entering 2023, the continued sharp pricing position and positive volume trend’.


citywire.com

philanderer
19/10/2022
16:06
Stalling, closed 1911, and away for 32pts!

Watching

cheers

dudishes
18/10/2022
16:51
Jai Singh

15:32 Tue 18 Oct 2022


Greggs wins £150mln legal battle over Covid insurance

Greggs argued that Single Business Interruptions Limits were payable every time the government introduced a Covid measure that affected business


Greggs PLC (LSE:GRG) has won a £150mln legal battle against Zurich Insurance over claims triggered by the Covid pandemic.

The case centred on how much Greggs and other retailers and hospitality firms, such as Slug and Lettuce owner Stonegate, felt they were due in compensation because of pandemic closures.

Greggs argued that Single Business Interruptions Limits were payable every time the government introduced a Covid measure that affected business.

However, the insurers felt that Covid itself was the only disruption, and believed Greggs was only entitled to a single payout of £2.5mln.

Zurich Insurance discharged its obligations to Greggs in January 2021 once that single payout was made.

Yesterday, Mr Justice Butcher rejected this argument, meaning the retailer could be entitled to the entirety of the £150mln it claimed under its insurance policy.

Mr Justice Butcher agreed that there was more than a single occurrence, and hoped the two parties could come to an agreement on the number of disruptions, and therefore the payout.

Manoj Vaghela, a partner at Charles Russell Speechlys, the law firm representing Greggs, stated the ruling had “wider implications for all businesses that purchased the resilience insurance policies”

The extent to which this will impact the hospitality and retail sector at this moment is unknown, according to Mark Brumby, an analyst at Langton Capital.

“There are a lot of unknowns at the moment. The case is for £150mln but the size of the judgement isn’t given.”

“Many insurers may say it’s on a case-by-case basis, but that’s not likely to hold and precedents do count for something,” Brumby added.

Last year, fellow insurer Hiscox paid an additional US$48mln on claims after a Supreme Court Ruling.

The court found that the Financial Conduct Authority’s (FCA) had “substantially” won its case against Hiscox and other insurers on behalf of 370,000 small businesses.

Hiscox would later say it regretted the dispute over the wording of its business interruption policies.


Proactive

waldron
18/10/2022
14:39
Thanks money, just read the article.

Holders could be in for a special divi. I will consider my position!

cheers

dudishes
18/10/2022
12:45
Toplist with AJ Bell.
dudishes
18/10/2022
12:13
Cheers Walders!

I was a wee bit slow on the Button this am, but got a long @ 1879 (£50pp).

cheers

dudishes
18/10/2022
11:44
Greggs has won an initial case against insurer Zurich over its claims for business interruptions during Coid

hxxps://www.retailgazette.co.uk/blog/2022/10/greggs-wins-150m-high-court-covid/

moneybeingmade
17/10/2022
19:35
Outlook from GREGGS Update

The outlook for cost inflation for the year remains consistent with our previous guidance of c.9% overall like-for-like cost inflation in 2022 and we now hold an appropriate level of forward purchasing cover in respect of our fourth quarter requirements for key food and energy commodities. We also hold significant energy cover for the first quarter of 2023, with average costs expected to be below the level of the recently-announced price cap.

Greggs continues to trade well in an environment where cost pressures are significant and our outstanding value-for-money positioning is ever-more important to consumers. There remains considerable uncertainty in the economy as a whole but we continue to trade in line with our plan and currently expect the full year outcome to be in line with our previous expectations.

waldron
17/10/2022
19:33
Mean consensus BUY


Number of Analysts 11


Last Close Price 1 860,00 GBX


Average target price 2 925,50 GBX
Spread / Average Target 60% approx

High Price Target 3 845,00 GBX
Spread / Highest target 110% approx

Low Price Target 1 800,00 GBX
Spread / Lowest Target -0,80% approx

waldron
17/10/2022
19:29
Upcoming events on GREGGS PLC


December/05/2022 Berenberg European Conference


March/07/2023 FY 2022 Earnings Release (Projected)

waldron
17/10/2022
19:16
Is their next trading update is also strong then they can get through
about anything.

essentialinvestor
17/10/2022
18:57
A difficult one to assess these days

what with a support at 1673p and a weak resistence of 1901p there appears little news to move it either way

If news does propelle it thru 1901p the next resistence seems to be 2044p

Midas says its worth a nibble, i am not so sure but there might be christmas cheer as we move towards
Hallowen and towards December

Will people start to make homemade sausage rolls,many might well do during these hard times

chuckle and cheers

waldron
09/10/2022
00:01
MIDAS SHARE TIPS: In light of third-quarter update, Greggs' current trajectory and value is looking tasty in the cost of living crunch
philanderer
07/10/2022
16:42
Yep it is like a casino!
gswredland
07/10/2022
15:04
Nice dividend paid into the account this morning.
philanderer
07/10/2022
14:32
Unfortunately, even good stocks follow the market trend. Thus I am mainly in cash until things start to clarify perhaps next summer. Everyday brings a new surprise when one looks at the flow of information that can move the market. From the progress of the Russia/Ukraine conflict to possibly China/Taiwan (where 61% of semi conductors used everywhere are manufactured) to everyday hints on inflation and economy. IMO anything can cause chaos nowadays.
fuji99
07/10/2022
12:02
How can anyone make any sense of the stock market these days. It is just a casino.
bouleversee
07/10/2022
11:50
Perhaps back to 1700 but results were good!
gswredland
07/10/2022
11:20
Jefferies cuts Greggs price target to 2,900 (3,250) pence - 'buy'
philanderer
05/10/2022
17:10
barlus, how does GRG half in value from here.

Very easy to plunk a low ball figure out of the air and offer no rational
to go with it.

essentialinvestor
05/10/2022
17:07
They said no cost price inflation in the statement.
geraldus
05/10/2022
14:48
We'll see :) ...
barius
04/10/2022
14:34
Greggs hikes price of sausage rolls again - but rising costs have not deterred shoppers as sales jump 15%
philanderer
Chat Pages: 215  214  213  212  211  210  209  208  207  206  205  204  Older

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