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Dynamic quotes 

4-Traders Homepage  >  Equities  >  London Stock Exchange  >  Greggs plc    GRG   GB00B63QSB39

Delayed Quote. Delayed  - 06/26 05:35:22 pm
1124 GBp   +0.09%
05/23 GREGGS : supports NECCR
05/22 GREGGS : Directorate Change
05/04 GREGGS : Notice of trading update
Analysis summary4-Traders Strategies 

The GBp 450 support area is tested

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01/11/2013 | 10:34am
Opinion : Bullish above GBp 449
Target price : GBp 466
Stop loss: GBp 440.5
Restaurants & Bars

In the past few sessions, Greggs plc shares have suffered from a sharp fall and are now coming back on significant level support.

From a fundamental viewpoint, the company seems undervalued relatively to its peers with a EV/Sales of 0.6.
However, analysts have revised slightly downward their earnings forecasts. With an EPS estimated at GBp 40.1 for this year and GBp 42.78 for the next year, Greggs is currently paid 11.29 and 10.58 times the results.

The security follows a downward trend in the short term, under the GBp 466 resistance area. However, the selling pressure could run out of steam soon. Indeed, whereas the stock shows an oversold condition, the GBp 449 support area currently tested might stop the bearish trend in the short term.

The trading strategy can benefit from the proximity of the strong support currently tested in order to buy Greggs in a good timing. Investors might placed a stop loss order at GBp 435.5 in order to avoid important losses.

Greggs plc : The GBp 450 support area is tested

© Zonebourse.com 2013
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Manufactures and sells sandwiches, savouries and other baker-fresh foodGreggs Plc is a bakery retailer in the United Kingdom.It owns and operates a supply chain, from production through to distribution to point of sale, which offers sandwiches; pasta, salads, and soup; drinks and snacks; pasties... 
Restaurants & Bars
08/01Earnings Release
More about the company
Financials ( GBP)
Sales 2017 946 M
EBIT 2017 81,5 M
Net income 2017 59,7 M
Finance 2017 43,4 M
Yield 2017 2,83%
P/E ratio 2017 19,79
P/E ratio 2018 17,05
EV / Sales 2017 1,16x
EV / Sales 2018 1,08x
Capitalization 1 137 M
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Duration : Period : Day
Greggs plc Technical Analysis Chart | GRG | GB00B63QSB39 | 4-Traders
Duration : Period : Week
Greggs plc Technical Analysis Chart | GRG | GB00B63QSB39 | 4-Traders
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