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GRG Greggs Plc

2,842.00
-16.00 (-0.56%)
21 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
  -16.00 -0.56% 2,842.00 2,846.00 2,854.00 2,868.00 2,826.00 2,860.00 326,328 16:35:12
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Bakeries-retail 1.81B 142.5M 1.3936 20.48 2.92B
Greggs Plc is listed in the Bakeries-retail sector of the London Stock Exchange with ticker GRG. The last closing price for Greggs was 2,858p. Over the last year, Greggs shares have traded in a share price range of 2,248.00p to 2,976.00p.

Greggs currently has 102,255,675 shares in issue. The market capitalisation of Greggs is £2.92 billion. Greggs has a price to earnings ratio (PE ratio) of 20.48.

Greggs Share Discussion Threads

Showing 5226 to 5247 of 5375 messages
Chat Pages: 215  214  213  212  211  210  209  208  207  206  205  204  Older
DateSubjectAuthorDiscuss
20/8/2023
19:00
They have sites in non-retail locations - like business parks for serving the people who work/buy supplies there - lots of white van folk. Lots of opportunity
toffeeman
20/8/2023
09:18
Hello

I've looked at GRG before and managed to miss what has been a great investment. Generates high ROCE too, which is always a good starting point. Questioning though what scope it has to grow more in the UK *in terms of footprint*, leaving them to either grow revenue per customer or grow internationally...both of which are harder than just opening more shops.

From data points I found:

- Greggs has 2,300 outlets. There's 438 towns with >20k people in the UK and c.80 cities (I assume towns much smaller than 20k are often too small for a Greggs). Obviously it will have multiple outlets in cities, and from what I read, in the 10 cities where it has the most locations it has 238 in total. That seems a high number of outlets already or that most decent sized places are covered

- It has 800 more locations than MacDonalds in the UK and 1000 more locations than Starbucks...and those two seem everywhere.

I see GRG has opened a couple places in Belgium, but am I missing anything about the number of shops it has in the UK? I can't see that it much more scope to open many more.
Thanks

Adam

adamb1978
08/8/2023
17:16
Nice to see a few people buying. I bought on the day of results after the 10% drop. I don't mind waiting a week or a couple of months to see this rise again. Interestingly every time I walk by a Greggs there is always a long queue. It makes me smile.
craftyale
08/8/2023
13:46
I'm in. 2576
panache1
07/8/2023
15:46
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.

essentialinvestor
01/8/2023
17:06
I have given up trying to understand the stock market I thought the share price would rise today, not drop like a stone.
bouleversee
01/8/2023
10:40
The share price may not agree.
craftyale
01/8/2023
07:47
Impressive
scepticalinvestor
28/7/2023
14:24
Greggs is set to launch standalone cafés in Sainsbury’s stores as it looks to expand its existing retail partnerships.
philanderer
21/7/2023
08:26
Grain prices going back up.More price rises here or trim another mill off of a steak bake.
geraldus
06/7/2023
11:04
Again, no proper dividend here, despite doing well. share price needs to halve to make it an investable proposition, esp given declining UK growth prospects.
cumnor
10/6/2023
00:24
Greggs ‘on track’ with plan to open 150 new shops
philanderer
17/5/2023
14:42
Tempus in The Times is recommending Greggs as a buy. Why? "A clear path to profit growth". Hope they are right.
bouleversee
17/5/2023
10:11
Liberum: Greggs shares ‘up with events’
Liberum has downgraded Greggs (GRG) after a strong run in the high street baker’s shares.

Analyst Wayne Brown lowered his recommendation from ‘buy’ to ‘hold’ but retained a £28 target price on the high-street baker, which slid 3% to £27.56 on Tuesday.

The group reported strong trading in the first 19 weeks of the year, with like-for-like sales up 17%, which Brown said ‘reflects the Covid-19 impacted comparative and price rises to help offset inflation’.

‘Like-for-likes should start to normalise as we move through the year,’ he said. ‘We are encouraged that the menu expansion continues to drive sales … and remains a huge opportunity.’

However, Brown said ‘the shares have been strong’, rising around 30% in the past six months.

‘This is wholly deserved but means Greggs is now trading on an international quick service restaurant multiple and suggests to us that the shares are up with events and upgrades are required to drive the shares higher in our humble opinion,’ he said.

‘The move to “hold” is purely on valuation grounds as this is a very high-quality company.’


citywire.com

philanderer
16/5/2023
09:53
Liberum cuts Greggs to 'hold' ('buy') - target 2,800 pence
philanderer
15/5/2023
14:34
Trading update tomorrow.
philanderer
03/5/2023
21:24
Given present inflation, then that may also be the price of 4 vegan sausage rolls in a couple of years' time ....
livewireplus
03/5/2023
09:48
Berenberg raises Greggs price target to 3,200 (3,000) pence - 'buy'
philanderer
08/3/2023
09:41
Jefferies raises Greggs price target to 3,450 (3,050) pence - 'buy'
philanderer
07/3/2023
11:52
Yes I was very surprised they were there Don. But it goes to show some luxury people like the Greggs
volsung
07/3/2023
11:43
Volsung: This mostly not for luxury spa people; mostly good service & tasty cheap range of offerings....One of my safe havens in a stormy sea, and I am reassured today with my small LTBH. Will add on any pullback.
don carter
07/3/2023
11:34
Market (which is up generally) doesn't seem too impressed. However, I think they will do OK long term.
bouleversee
Chat Pages: 215  214  213  212  211  210  209  208  207  206  205  204  Older

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