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

Delayed Quote. Delayed  - 07/28 05:35:06 pm
1037 GBp   -1.33%
07/07GREGGS : "Double-Bottom"
07/01 GREGGS : Notice of Interim Results
06/29 GREGGS : Change of Director's Responsibilities
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Analysis summary4-Traders Strategies 

Greggs plc : 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
LONDON STOCK EXCHANGE
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 : Greggs plc : The GBp 450 support area is tested

© Zonebourse.com 2013
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Financials ( GBP)
Sales 2016 878 M
EBIT 2016 76,4 M
Net income 2016 59,3 M
Debt 2016 1,81 M
Yield 2016 2,81%
P/E ratio 2016 18,65
P/E ratio 2017 16,38
EV / Sales 2016 1,21x
EV / Sales 2017 1,15x
Capitalization 1 063 M
More Financials
Chart GREGGS PLC
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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