Greggs plc with ticker (LON:GRG) now has a potential upside of 14.6% according to Berenberg Bank.
Berenberg Bank set a target price of 3,600 GBX for the company, which when compared to the Greggs plc share price of 3,074 GBX at opening today (08/11/2021) indicates a potential upside of 14.6%. Trading has ranged between 1,331 (52 week low) and 3,218 (52 week high) with an average of 298,851 shares exchanging hands daily. The market capitalisation at the time of writing is £3,165,621,050.
Greggs PLC is a United Kingdom-based food-on-the-go retailer company. The Company manages retail activities in a group and sell a range of fresh bakery goods, sandwiches, and drinks in its own shops or via delivery channels. It sells products to franchise and wholesale partners for sale in their own outlets. The Company offers pastries and bakes, sandwiches, breakfast, sweets, pastas, salads and soups, bread, platters, drinks, and snacks. The Company owns approximately 2,000 shops, with regional bakeries, distributions centers and manufacturing center. The Company has approximately 328 franchised shops operating in travel and other convenience locations.
Greggs plc 14.6% potential upside indicated by Berenberg Bank
- Written by: Anthony Fox
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Greggs plc shows solid FY24 results with 11.3% revenue growth despite tough market conditions, focusing on strategic expansion for future success.
