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 Shares Traded Last Trade
  -18.00 -0.98% 1,821.00 189,394 13:06:28
Bid Price Offer Price High Price Low Price Open Price
1,819.00 1,821.00 1,878.00 1,812.00 1,838.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Food & Drug Retailers 1,167.90 108.30 86.20 21.1 1,844
Last Trade Time Trade Type Trade Size Trade Price Currency
13:06:30 AT 2 1,821.00 GBX

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Greggs Daily Update: Greggs Plc is listed in the Food & Drug Retailers sector of the London Stock Exchange with ticker GRG. The last closing price for Greggs was 1,839p.
Greggs Plc has a 4 week average price of 1,439p and a 12 week average price of 1,280p.
The 1 year high share price is 2,550p while the 1 year low share price is currently 1,280p.
There are currently 101,265,901 shares in issue and the average daily traded volume is 643,677 shares. The market capitalisation of Greggs Plc is £1,842,026,739.19.
essentialinvestor: It may take a couple of years to reach 2019 profitability again imv The share price was below £12 in November 2018.
muchodinero: Wow...the longer we stay closed the more the Share price goes win....staff he paid by the government and no ingredients to buy...
mayzerg: A little on the expensive side, but growth is promising looking forward. Https://
sarkasm: Greggs staff to cash in on UK vegan sausage roll success share with twitter share with LinkedIn share with facebook share via e-mail 0 01/08/2020 | 10:00am GMT FILE PHOTO: People sit inside a Greggs bakery in Bradford, Britain British bakery operator Greggs said will pay staff a special bonus after what the CEO described as a "phenomenal" year that included the launch of a vegan-friendly sausage roll and higher-than-expected profits. Greggs, present in more than 2,000 stores in Britain, recently also launched a vegan version of its steak bake as more and more Britons try to cut down on meat and dairy. The company said it would spend 7 million pounds on a one-off payment for its 25,000 employees, giving around 19,000 of its longest-serving staff about 300 pounds each. CEO Roger Whiteside called 2019 "phenomenal" and said Greggs, which already shares 10% of annual profits with staff, was making an extra payout for the first time. "This is all about the front line getting 300 pounds in their pocket as a thank you at the end of January for their help in delivering what has been an exceptional year," he said. Underlying store sales grew 9.2% over the 12 months to 28 December, as it attracted new customers for products including a vegan donut and vegan soups. In a sign of the fanfare attached to vegan launches, earlier in January, dozens of people were pictured queuing at midnight at a Greggs branch in northern England to be the first to try the vegan steak bake. "They're flying off the shelves," Whiteside said of the steak bake, which is made with meat substitute Quorn. Annual pretax profit would be "slightly higher" than expectations, it said. Analysts expect Greggs to post a 24% jump in pretax profit to 111.6 million pounds for 2019, Refinitiv data shows. Whiteside said there would be headwinds in 2020 however as wage costs and the price of pork both rise. Shares in Greggs, up 70% in the last year, were down 2% in early trade before moving into positive territory, standing up 0.7% at 0957 GMT. Future growth would come from more shops at airports, drive-throughs and by expanding its home-delivery business, he said. Whiteside, a former Marks & Spencer and Ocado executive, has overseen a 405% share price rise since he took over in 2013. Greggs was founded in 1939 when John Gregg, who had started off delivering eggs and yeast by bicycle, set up a shop. By Sarah Young
trt: Profits will beat market expectations and that's before the Xmas rush. I think a further update in due course will say 'substantially beat market expectations ' - then watch the share price shoot up !!
trt: Share price should soar through the £20 level now.
this_time_its_different: Check the share price after 5 years, that's all what counts really. Everyone knows stocks are volatile, money not needed for 5 years plus should be in shares. We may re-test the lows, I saw a lot of panic selling today. Strange really.
philanderer: Relentless selling, looks like that 1800p chart support will be tested sooner rather than later. ---------------------- Alliance News: Greggs Shares Dip Despite Shore Deeming Update "Fabulous" in Greggs fell on Tuesday despite Shore Capital believing the baker posted another "tremendous" top-line performance . ===================== "Today's trading update was always going to be a tough one for Greggs. The publicity around its vegan sausage roll earlier this year was so effective that it drove more people to visit its stores and that had such a positive impact on earnings. Sales continued to beat expectations as the year went on, leading to a sharp rise in its share price," said AJ Bell investment director Russ Mould. "The new trading update shows that the rate of sales growth has now moderated," Mould said, "partially because the comparative trading period a year ago was fairly strong".
bouleversee: An article by Tempus in The Times today is saying Greggs is a buy, with a forecast p/e (acc. to Shore Capital) of 23.7 and forecast yield of 4.6%. Is that correct? I seem to remember reading that they had increased their dividend but the share price has also gone up further and brokers have the yield (last year's presumably) as 1.6%. Perhaps they are paying a special which is not included. I could look at their annual report but am unlikely to be able to read it on my laptop. I am making a good profit on my Greggs shares (got the timing right for once, more by luck than judgement) but they are not in my ISA which, according to Sod's Law, holds most of my losses and am debating whether to transfer some or all, depending on cgt calculations, to the ISA, though when I have done that in the past with other companies, the share price has dropped and never recovered!
countless: An interesting read Shares in baked goods and FTSE 250 constituent Greggs (LSE: GRG) were in fine fettle this morning following news the excellent start to its financial year has continued. Before getting into whether Foolish investors may wish to consider buying or selling the shares at the current time, let’s take a closer look at those all-important numbers from today’s update. “Materially higher” profits Thanks to more people visiting its shops, total sales have “continued to grow very strongly,” increasing a little over 15% in the first 19 weeks of the year. Compare that to the 4.7% achieved over the same period in 2018 and you get some idea of just how well the “leading bakery food-on-the-go retailer” has been doing lately. Like-for-like sales from its 1,700 company-managed units rose 11.1% from 1% last year. That’s also more than the 9.6% growth from the first seven weeks of 2019 reported back in early-March. It seems people simply can’t get enough of those much-hyped vegan-friendly sausage rolls. But it gets better. Those already holding the stock will also no doubt be cheering the company’s comments with regard to its outlook for the rest of 2019. Despite facing increasingly tough comparatives from last year, management now believes Greggs will achieve “materially higher sales” than previously expected. While there will be some ongoing investment, underlying profits (before exceptional costs) will now be “materially higher” too. As an investor, it doesn’t get much better than that. No surprise then that Greggs shares are now 13% higher as I type. But will it last? I don’t mind admitting that, back in January, I questioned whether it might be time to take some profit on Greggs. After all, the shares had already done extremely well following my initial buy call back in May last year. Thanks to recent positive trading and a resurgence in general market sentiment over the first five months of 2019, however, the stock just refuses to acknowledge gravity. Assuming its new summer menu is positively received and plans to continue growing the number of units in travel and workplace catchments are realised (it opened 38 news shops in the trading period, 10 of which were franchises in transport locations), it’s certainly possible that they could move even higher. So, has my view now changed? I really don’t think it has. While I consider Greggs to be a fine business (returns on capital employed have been in the mid-20s for a number of years now) and a rare exception to the vast majority of firms that have a presence on the average high street, I can’t get away from the fact that the shares have now gone from expensive to seriously expensive. Before today, analysts were forecasting earnings per share growth of 4.2% in the current financial year. That gave Greggs a forward price-to-earnings (P/E) of 23 — a valuation you might expect from either a hyper-reliable consumer goods company, or a promising technology business. Last time I checked, Greggs was neither. Rather tellingly, its five-year average P/E is 17. Although profits are now expected to be higher, this is arguably already priced in following today’s reaction. In my experience, high expectations tend to be positively correlated with a higher risk of disappointment. If the novelty of its vegan sausage rolls (particularly among self-identifying carnivores) begins to dissipate, I’m wondering if those buying in at today’s record share price may regret their purchases.
Greggs share price data is direct from the London Stock Exchange
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