Greggs plc 38.9% potential upside indicated by Berenberg Bank

Greggs plc with ticker (LON:GRG) now has a potential upside of 38.9% according to Berenberg Bank.



Berenberg Bank set a target price of 3,550 GBX for the company, which when compared to the Greggs plc share price of 2,556 GBX at opening today (09/11/2023) indicates a potential upside of 38.9%. Trading has ranged between 2,085 (52 week low) and 2,914 (52 week high) with an average of 233,657 shares exchanging hands daily. The market capitalisation at the time of writing is £2,607,512,700.

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.