The latest update is out from Greggs plc ( (GB:GRG) ).
Greggs has published its 2024 sustainability report, highlighting significant progress in its five-year sustainability plan, The Greggs Pledge, which aligns with the UN Sustainable Development Goals. Key achievements include opening over 1,000 Breakfast Clubs, donating one million meals to FareShare, and securing a top four ranking in the Business Benchmark on Farm Animal Welfare. The company has also introduced heat-resistant recycled PET lids and expanded its Outlet shops to 38 locations. Greggs aims to continue its sustainability efforts by setting clear targets for 2025, such as reducing food waste, increasing renewable energy use, and enhancing its Eco-Shop design.
Spark’s Take on GB:GRG Stock
According to Spark, TipRanks’ AI Analyst, GB:GRG is a Outperform.
Greggs plc presents a strong financial performance with consistent revenue growth and profitability. The stock appears undervalued with a reasonable P/E ratio and a solid dividend yield. However, technical analysis indicates a bearish trend, as the stock price is below key moving averages. Positive corporate events, including management share purchases and record sales achievements, enhance the outlook, reflecting confidence in future growth. Despite this, technical indicators warrant a cautious approach.
To see Spark’s full report on GB:GRG stock, click here.
More about Greggs plc
Greggs is a prominent UK food-on-the-go retailer with over 2,600 shops nationwide and approximately 33,000 employees. Established in 1939, the company specializes in fresh shop-made sandwiches, baked savouries, and a range of vegan-friendly and healthier options. Greggs is committed to community support through initiatives like the Greggs Breakfast Club, providing free breakfasts to schoolchildren, and has partnerships with Just Eat and UberEATS for delivery services.
YTD Price Performance: -33.99%
Average Trading Volume: 481,774
Technical Sentiment Signal: Buy
Current Market Cap: £1.83B
See more data about GRG stock on TipRanks’ Stock Analysis page.