Greggs plc with ticker (LON:GRG) now has a potential upside of 47.7% 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 2,404 GBX at opening today (10/10/2023) indicates a potential upside of 47.7%. Trading has ranged between 1,720 (52 week low) and 2,914 (52 week high) with an average of 177,877 shares exchanging hands daily. The market capitalisation at the time of writing is £2,458,649,208.
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.
Greggs plc 47.7% potential upside indicated by Berenberg Bank
- Written by: Charlotte Edwards
Latest Company News
Greggs reported total sales up 7.5% to £800 million in the first 19 weeks of 2026, with like-for-like growth improving in recent weeks and full-year expectations unchanged.
Greggs delivered record sales of £2.151 billion in 2025, with like-for-like sales up 2.4% as the business continued to grow its shop estate and market share.
Greggs delivered higher sales in Q4 and FY25, opening 121 net new shops and maintaining value leadership in a tough food-to-go market, while confirming full-year results remain in line with expectations.
Greggs plc has announced the appointment of Richard Smothers as an independent Non-Executive Director, effective from 1 February 2026.
Greggs delivered 6.1% sales growth in Q3 2025, with like-for-like sales in company-managed shops up 1.5%. Year-to-date sales rose 6.7% as trading improved in August and September following a weaker July.
Total sales for the 26 weeks to 28 June 2025 rose 7.0 per cent to £1,027.7 m, while operating profit decreased 7.1 per cent to £70.4 m and pre‑tax profit was down 14.3 per cent at £63.5 m; the interim dividend was held at 19.0 p per share.
