Greggs plc 10.2% potential upside indicated by Berenberg Bank

Greggs plc with ticker (LON:GRG) now has a potential upside of 10.2% according to Berenberg Bank.



Berenberg Bank set a target price of 3,200 GBX for the company, which when compared to the Greggs plc share price of 2,904 GBX at opening today (09/05/2023) indicates a potential upside of 10.2%. Trading has ranged between 1,650 (52 week low) and 2,910 (52 week high) with an average of 167,822 shares exchanging hands daily. The market capitalisation at the time of writing is £2,941,081,920.

Greggs plc is a United Kingdom-based food-on-the-go retailer company. The Company operates through two segments: Retail company-managed shops and Business to business. Its Retail company-managed shops segment sells a range of fresh bakery goods, sandwiches and drinks in its own shops or via delivery. Its Business to business segment sells products to franchise and wholesale partners for sale in their own outlets. The Company offers various products under various categories, such as breakfast, savories and bakes, drinks and snacks, sandwiches and salads, and hot food. The Company owns approximately 2,239 shops across the United Kingdom, delivery and wholesale partnerships and Click + Collect. The Company has approximately 401 franchised shops operating in travel and other convenience locations.