Greggs (GRG)

Sector:

Food Pharmacy Retail

Index:

FTSE 250

2,726.00p
   
  • Change Today:
    -48.00p
  • 52 Week High: 2,820.00
  • 52 Week Low: 1,673.00
  • Currency: UK Pounds
  • Shares Issued: 102.12m
  • Volume: 180,779
  • Market Cap: £2,783.80m
  • RiskGrade: 191
  • Beta: 0.03

Berenberg lowers target price on Greggs

By Iain Gilbert

Date: Friday 28 Oct 2022

LONDON (ShareCast) - (Sharecast News) - Analysts at Berenberg lowered their target price on bakery chain Greggs from 3,600.0p to 3,000.0p on Friday despite earnings estimates holding firm.
Berenberg noted that Greggs shares were down by 45% year-to-date, despite earnings estimates holding firm, leaving them trading at their lowest multiple for many years.

"We see the prospect of upgrades over the medium term, as Greggs delivers on key milestones on its path to reach its target of doubling sales by 2026 (from 2021) - see On course to double sales by 2026, dated 3 November 2021 - which should also contribute towards a re-rating over time," said Berenberg.

"We reiterate our 'buy' rating, although our price target falls slightly in line with peer multiples."





Reporting by Iain Gilbert at Sharecast.com

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Greggs Market Data

Currency UK Pounds
Share Price 2,726.00p
Change Today -48.00p
% Change -1.73 %
52 Week High 2,820.00
52 Week Low 1,673.00
Volume 180,779
Shares Issued 102.12m
Market Cap £2,783.80m
Beta 0.03
RiskGrade 191

Greggs Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
90.32% below the market average90.32% below the market average90.32% below the market average90.32% below the market average90.32% below the market average
25.00% above the sector average25.00% above the sector average25.00% above the sector average25.00% above the sector average25.00% above the sector average
Price Trend
86.26% above the market average86.26% above the market average86.26% above the market average86.26% above the market average86.26% above the market average
100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average
Income
46.7% below the market average46.7% below the market average46.7% below the market average46.7% below the market average46.7% below the market average
60% below the sector average60% below the sector average60% below the sector average60% below the sector average60% below the sector average
Growth
7.77% above the market average7.77% above the market average7.77% above the market average7.77% above the market average7.77% above the market average
45.45% above the sector average45.45% above the sector average45.45% above the sector average45.45% above the sector average45.45% above the sector average

What The Brokers Say

Strong Buy 5
Buy 3
Neutral 2
Sell 0
Strong Sell 0
Total 10
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Greggs Dividends

  Latest Previous
  Interim Final
Ex-Div 08-Sep-22 12-May-22
Paid 07-Oct-22 08-Jun-22
Amount 15.00p 42.00p

Trades for 07-Feb-2023

Time Volume / Share Price
16:45 29 @ 2,734.00p
16:45 29 @ 2,734.00p
16:35 72,789 @ 2,726.00p
16:35 1 @ 2,726.00p
16:35 147 @ 2,726.00p

Greggs Key Personnel

Finance Director Richard Hutton
CEO Roisin Currie
Chair Matthew Davies

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