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

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The GBp 450 support area is tested

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01/11/2013 | 10:34am

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.

© Zonebourse.com 2013
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Disclaimer: The information, charts, data, views, or comments provided by SURPERFORMANCE SAS are intended for investors who have the necessary knowledge and experience to understand and appreciate the information contained within. These items are disseminated for personal reference only. They do not constitute an offer or solicitation to buy or sell financial products or services, nor an investment advice.
The use of the information disseminated takes place under the investor's sole responsibility, without recourse against SURPERFORMANCE SAS. SURPERFORMANCE SAS will not be liable, whether in contract, in tort, under any warranty, for errors, omissions, improper investments, or adverse evolution of markets.

Financials ( GBP)
Sales 2017 955 M
EBIT 2017 80,2 M
Net income 2017 57,5 M
Finance 2017 41,8 M
Yield 2017 2,39%
P/E ratio 2017 24,11
P/E ratio 2018 21,34
EV / Sales 2017 1,39x
EV / Sales 2018 1,30x
Capitalization 1 366 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