Greggs plc 20.9% potential upside indicated by Jefferies

Greggs plc with ticker (LON:GRG) now has a potential upside of 20.9% according to Jefferies.



Jefferies set a target price of 3,450 GBX for the company, which when compared to the Greggs plc share price of 2,854 GBX at opening today (22/03/2024) indicates a potential upside of 20.9%. Trading has ranged between 2,244 (52 week low) and 2,914 (52 week high) with an average of 214,095 shares exchanging hands daily. The market capitalisation at the time of writing is £2,889,743,256.

Greggs plc is a United Kingdom-based food-on-the-go retailer. The Company’s segment includes Retail company-managed shops and Business to business. The Company’s 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 as well as charging a license fee to franchise partners. The Company’s Click + Collect service is available through both the Greggs App and Website – enabling customers to browse its menu, skip the queues and personalize their order. The Company serves customers through its wholesale partnership, delivery and Click + Collect, and has more than 2,378 shops comprising 1,912 company-managed shops and 466 franchised units.